Legal Industry Forum Provides a Holistic Approach to Governance, Risk and Compliance

Corporate Counsels Form the Legal GRC Center for Innovation, Sponsored by Exterro, Inc.

Exterro, a leading provider of legal hold anddiscovery management software for the legal industry, today announced theformation of the Legal GRC Center for Innovation. The Center for Innovation will serve as a thought leadership forum for the legal industry. The forum will be dedicated to helping companies understand the implications of legal governance and compliance on legal processes and systems by leveraging concepts already proven in other industries. It will be a collaborative effort, led by a self-governing board of members, in which professionals help each other.

"With the passage of the Sarbanes-Oxley Act in 2002, IT and finance sectors have had a GRC forum in which to identify risk areas, create special internal audit grounds, track success and minimize risk exposure," said Bobby Balachandran, CEO of Exterro. "With the launch of the Legal GRC Center for Innovation, the legal industry now has its own forum in which organizations can share experiences and develop insights about how legal teams can formulate and implement efficient and effective risk management, governance, and compliance processes."

About the Legal GRC Center for Innovation

Legal GRC has tremendous potential to help in-house counsel better manage the risk exposure and compliance concerns. All too often, corporate counsel has had to spend excessive resources remaking the wheel, reacting to litigation requests, government inquiries, and other compliance obligations. Legal GRC will create efficient internal processes that companies can rely on, creating a consistent, streamlined approach to riskmitigation and compliance.

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Source: ibitimes.com