Strategies to Manage Legal Risks & Designing an Effective Risk Management Framework

If there is one constant that all businesses face throughout their life cycle, it would be managing legal risk exposures. Given the unique nature of information technology (IT) businesses, legal risk exposures can be particularly accentuated. The need to evolve a sound and proactive legal risk management framework as part of the enterprise’s legal strategy is becoming an imperative. A sound legal risk management framework should provide a seamless integration of legal contents or guidance with an IT-driven workflow process. Here expert systems can play an important role in the design of such legal risk management systems. Zaid Hamzah, CEO, Lexfutura (Global) and Managing Director, I-Knowledge Technologies, Singapore, provides a road map.

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