The Prevalent™ Legal Vendor Network (LVN) is an on-demand library of risk profiles on thousands of third parties serving the legal industry. LVN members have instant access to clear vendor risk scores based on standardized risk assessment responses, backed by insights from continuous cyber, business and financial threat monitoring. That’s why more than 50% of the top U.S. law firms trust the LVN to accelerate their vendor risk management and compliance initiatives.
Increase focus on risk analysis and remediation by tapping into shared data
Select from flexible licensing options tailored to your desired level of vendor oversight
Reduce the cost of TPRM by automating assessment and monitoring processes
Accelerate vendor evaluations with cyber, business and financial health intelligence
Select from flexible licensing options tailored to your desired level of oversight
Meet client compliance requirements with a standards-based approach to third-party risk management
This network is a great way for law firms to help build better security maturity and visibility across our industry.
— Director of Global Technology at Skadden Arps
Access a database of thousands of completed and verified SIG assessments and supporting evidence. Vendors are reassessed annually or upon your request.
Streamline vendor communications and speed remediation efforts by capturing and auditing conversations, assigning tasks, and tracking progress.
Transform point-in-time vendor assessments into dynamic intelligence profiles with continuous insights from cyber, business and financial monitoring events.
Get clear and actionable recommendations for addressing risks identified during assessments. Track and report on issue resolution over time.
Screen vendors during RFx processes with risk score previews based on inherent/residual risk, internal assessment results, and external monitoring reports.
Leverage machine learning analytics to correlate hard-to-track metrics and provide insight into the riskiest vendors, controls and trends.
Prevalent automatically maps assessment responses to specific regulatory and industry framework requirements, enabling you to quickly verify compliance or justify remediation efforts.
Save time and money by letting Prevalent experts handle everything from conducting assessments and following up with vendors, to reviewing responses and evidence for accuracy and relevance.
Efficiently coordinate internal and vendor teams with pre-built playbooks that automate a broad range of onboarding, assessment and review tasks.
Search for a specific vendor in the network to access assessment, cyber, business and financial data. Request assessments with a single click.
Issue additional assessments for fourth-party mapping, certifications, and business profiling. Vendors can also proactively report important events.
Flexible Licensing Options
Focus on the risks that matter most to you. Preview vendor risk scores; dig deeper with detailed assessment reports; or have Prevalent conduct deep, controls-based risk assessments on your behalf.
|Risk Preview||Risk Management|
|Assessment Status for All Vendors in Library||
|Inherent & Residual Risk Scores for All Vendors in Library||
|Cyber, Business & Financial Risk Dashboards (read-only)||
|Detailed Risk Assessment Responses & Results||
|Outsourced Due Diligence for New Vendors (SIG Assessment Collection and Analysis)||
|Cyber, Business & Financial Monitoring Dashboards (with drill-down capabilities)||
|Workflow & Task Management||