Posts Tagged ‘Law Firms’
Data Analytics is Key to Effective Fraud Prevention
At a glance: The main takeaway: Data analytics is the frontier for effective internal anti-fraud controls, but many companies are slow to adopt the more modern approach despite proven results. What’s at stake: Developing an anti-fraud strategy that fails to include data analytics could leave businesses exposed to unnecessary risk and losses. Next steps: Businesses…
Read MoreWhen Disaster Strikes, Call a Forensic Accountant
At a glance: The main takeaway: Recovering from a disaster can be a lengthy process involving complex insurance claims that rely on quantifying the damages and extra expenses – a process that can be difficult to manage without professional help. Why call a forensic accountant? An unbiased, objective, and experienced forensic accountant can more accurately…
Read MoreWhat to Expect from a Cybercrime Investigation
At a glance: Cybercrime is on the rise: Constant technological innovation is creating increased opportunities for cybercrime, leaving companies more at risk than ever before. Know what to look for: Cybercrime isn’t just organized hackers targeting major corporations; anyone can be a victim of a wide variety of cybercrimes, ranging from email fraud and account…
Read MorePreventing and Preparing for a Healthcare Fraud Investigation
At a glance: Understanding healthcare fraud: medical and dental providers, insurance companies, as well as individual patients, are all at risk for healthcare fraud, which can lead to huge financial losses, higher insurance premiums, and even health risks. COVID-19 created new vulnerabilities: the uncertainty created by the pandemic has left individuals, insurance companies, and healthcare…
Read MoreLegal Operations: The Modern Approach to Optimizing Corporate Legal Departments
At a glance: A new approach to corporate legal departments: Recent shifts in technology and service delivery have created the modern legal operations model, prioritizing a more diverse team tackling legal and business needs simultaneously. Know the risks and rewards: Moving to an optimized legal department operations model requires technology and change, but the potential…
Read MoreLost Profits and Your Business’s Road to Recovery
At a glance: The main takeaway: Lost profits are a critical component to litigating and recovering damages following an incident, but appropriately calculating those losses can be challenging. Impact on your business: If your business has suffered damages or operational disruptions, understanding causation and calculating lost profits may be an important step for your company’s…
Read MoreThere’s No Free Lunch: What PPP borrowers should be aware of to avoid future problems
At a glance: The Main Takeaway: Between the pressure to distribute funding and the vast increase in the number of new applications, the Paycheck Protection Program (PPP) is ripe for fraud. Impact on Your Business: If you don’t have a solid understanding of the PPP, then you’re at risk for either breaking the rules or…
Read MoreUsing Big Data Can Give Your Law Firm a Big, Predictive Advantage
At Georgia State University, law and business students are crunching thousands of data points from legal cases to create models to predict how disputes will go. Harvard-educated lawyer Charlotte Alexander, director of the Legal Analytics Lab, guides the team gathering all complaints, dockets and summary judgments in employment law cases since 2010 in the Northern…
Read MoreEntering a New Market: The Law Firm Expansion Playbook
At some point, successful law firm partners think about entering a new market. But as they’re drafting plans to expand their reach, they need to keep some guideposts in mind. To do this successfully, they’ll need enough client-driven reasons to justify entering the new market, the right practices to match that market’s economy, and solid…
Read MoreRecruitment Strategies for Professional Services: 5 Tips from Sports and Entertainment
Can a law firm copy recruitment strategies from professional sports teams? Can accountants learn how to find top talent from show business? Professional services firms might not naturally think of following in the footsteps of sports and Hollywood. But these industries often find their best employees in ways that could be helpful. We’re in a…
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