Have you heard?

We recently read in a legal ethics article that conflict of interest claims were down slightly to just 5 percent of all malpractice claims because computerized conflict checks, combined with standardized conflict resolution procedures, resulted in some improvements in this area.

View the full article here:

http://www.therecorder.com/id=1202740408791/How-High-Is-Your-Legal-Malpractice-Risk?cmp=share_email

Please contact us with questions, and be sure to ask for a demo!

Thank you,
RION Corp.

Benefits of a Standardized Process for Conflict Checks

I have been reading a book by Sandra J. Roberts called "Creating Conflicts of Interest Procedures for Protecting You and Your Firm from Malpractice", and have found it aligned with what I already knew; while providing additional detail and ideas for our Conflicts Analysis Standardization Effort (C.A.S.E.).

Have a look at a part of the Foreward:

"The objective for an effective conflicts of interest department is to create one that processes client names and associated party information accurately, efficiently and rapidly with minimal time taken away from the attorney's legal representations and valuable billable hours. Developing these effective conflicts of interest procedures has many benefits. Not only can effective procedures enable attorneys to reduce their risk, but it may help lower their professional liability insurance premiums. In order to do that, the process does not need to be cumbersome. It can be completed quickly with the right procedures in place regardless of the size of the firm. These procedures include implementation of the following actions:

• Entering accurate information into a conflicts database.
• Searching party information properly through the conflicts database and other research database resources.
• Reviewing the results to eliminate extraneous information.
• Clearing and approving the applicable results.
• Setting up further procedures to manage potential conflicts of interest issues."

While this is a very simplified 30,000 foot view of conflicts, I think it speaks to the Conflicts Standard that we're looking to develop at RION Corp. under the C.A.S.E.

To that end, we should have in mind the possible benefits of setting up and implementing the standard:

• Reduced Firm & Attorney Risk
• Reduced Insurance Premiums
• Increased Confidence in Accepting Business
• Creation of Competency Standards
• Increased Analyst Confidence = Additional Speed
• Best Practice Always Used
• Heightened Efficiency in Conflicts and Business Intake
• Increased Potential for Profitability

How does your malpractice policy affect your CoI program or vice versa?  Please share in the comments section below.

Cori Blackburn
RION Corp.
224-277-3855
cori.blackburn@rioncorp.com

Conflicts Analysis Standardization Effort (C.A.S.E.)

RION Corp. welcomes you to April 2015!

We recently published some survey results; and at the end, communicated our desire to lead an effort to establish a standard for Conflicts Checking in the United States (and perhaps efforts abroad after we're a bit more established and have more global contacts to help).

As the title of this article suggests, we've named the effort the Conflicts Analysis Standardization Effort (C.A.S.E.), and it is our aim to partner with firms of all sizes across the United States to gather information about how conflicts checks are handled. We will be partnering with experts in the eastern seaboard area, west coast area, and midwestern area and are calling for any/all who would like to be involved in this effort.

As a company we have a laser focus on Conflicts of Interest, and developing a workbench focused on Conflicts Research and making it easier and more efficient, while providing added security and dependability in the checks and procedure than existing conflicts programs provide today. Most conflicts software that is currently available is an "add in" for a larger firm management package, and is not robust or efficient enough to meet the increasing demands of the majority of today's conflicts professionals and law firms. Conflicts checks are the cornerstone for avoiding risk in accepting business, and should not be handled as a "side benefit". Rather, our position focuses on a gold standard for conflicts analysis and enabling easy engagement with existing systems and firm procedures. We do not claim to know everything, and eagerly invite opinions and ideas from all angles!

You can see why we are interested in facilitating a standard for conflicts analysis and research at law firms. It is our focus, and is critical to the conflicts community at large moving forward.

Please expect to hear more about our open invitation for anyone with experience and ideas to share, if you'd like to keep yourself updated on the effort, we encourage you to join the mailing list or contact me directly with any questions or ideas. We plan to have at least 3 events before the end of 2015 and hope to solidify the standard by early 2016. If you'd like to host or facilitate please contact me directly.

Have a Wonderful Wednesday!

Cori Blackburn

RION Corp.
224.277.3855
cori.blackburn@rioncorp.com