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Need to Successfully Transition in Lateral Hires?

Law firms are increasingly trending towards expansion by lateral acquisition (e.g. partner, associate, paralegal, legal secretary) rather than by organic growth. Lateral hires enable firms to build their business quickly and strategically. For example, lateral activity can provide a U.S firm with an established international presence, enable a firm to add a new practice or specialty area, or even help a firm better respond to current and targeted prospect needs. However, every lateral’s existing book of business comes with potential conflicts-of-interest that may impact the transition’s success. Conflicts issues can ultimately negate the intended upsides as well as expose the firm to risk. What’s more, these new hires need to be integrated swiftly in order to begin generating value.

CompliFlow Lateral Hire Intake delivers automated workflows to help firms formalize the process of analyzing, vetting and on-boarding laterals. CompliFlow is unique in that it can be easily modified to meet changing business needs by leveraging law-firm preferred Microsoft® technologies and providing licensable code that can be utilized by in-house IT staff.

• Key Business Benefits
• Confidentiality - Enables law firms and lateral prospects to share necessary information for evaluating the business opportunity in a secure environment
• Risk Mitigation - Documents every step in the conflict clearing process and intake processes, including waiver and engagement letters
• Adaptability - Allows firms to modify forms, routing and other intake-related protocols as business needs change
• Thorough Evaluation - Provides a mechanism for in-depth information gathering, reporting and analysis prior to accepting new laterals
• Profitability - Helps speed the lateral hire conflicts clearing and intake processes so that billable work can begin faster
• Transitioning - Populates other firm systems (e.g. ethical walls; document management; records management) integral to intake

Related Products: CompliFlow™ New Business Inception; CompliGuard™ Records Security & Retention