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LegalToday’s Corporate Law Departments and legal firms face increasingly
stringent regulations regarding Company intellectual property. Some
procedures are internally imposed, but many others are imposed by
external agencies. While the potential cost of non-compliance has
always been high, trends of greater public scrutiny, faster information
transfers and larger deal sizes have increased the cost of exposure, as
well as the likelihood of a breach. To further complicate matters,
firms must closely track critical information flow to verify that
breaches do not occur, and identify the extent of the exposure when
they happen. Furthermore, regulatory agencies and the courts often
require proof of established internal procedures and good faith
execution.
Two major challenges for legal entities are regulatory compliance and information control.
Regulatory Compliance Challenges
Information Control Challenges
Liquid Machines Enterprise Rights Management provides technology that can solve these challenges. Liquid Machines documents good faith compliance and provides an audit trail of information access. Using Liquid Machines, law departments and legal firms can control critical data - whether it is personal data from clients, or details of patent development, potential merger, acquisition, IPO, or debt offering. Information access and usage policies can be set up to avoid information leaks to the public or competitors, as well as IP theft. Policies can be changed easily, enabling the immediate expiration of any content, any time, anywhere to anyone. Document access rights of terminated employees can be enforced for documents stored on a computer outside a company firewall. Reports detail who accessed what information, and what they did with it, such as forwarding, copying, printing. |
