The Prevalent™ Legal Vendor Network quickly and cost-effectively delivers the third-party risk data you need, while enabling you to keep pace with regulatory change.
Our automated approach leverages standardized content to provide immediate access to vendor survey data and monitoring intelligence, saving you time and ensuring a fast return on investment. As a result, you gain an efficient, scalable third-party risk management platform that satisfies client compliance requirements while reducing risk.
Meet your clients’ compliance requirements with a standards-based approach
Select from flexible licensing options tailored to your desired level of vendor oversight
Instantly access shared vendor survey and monitoring data
Automate TPRM to zero-in on risks and control failures
Drive collaborative risk review and remediation with vendors
Leverage a library of pre-submitted assessments to quickly check vendor risk status or augment your own assessments. Typically, more than 40% of a law firm’s vendors are already in the network.
Automate vendor survey collection and analysis, and reduce assessment time and costs, while ensuring an appropriate level of risk scrutiny and due diligence.
Conduct standardized assessments that map cybersecurity, IT, privacy, data security and business risks to industry standards and regulations.
Dynamically categorize vendors based on risk levels and business criticality, and customize security assessments for each category to tailor risk reporting and analysis to your firm’s unique needs.
Gain a holistic view of vendor risk by combining cyber risk snapshots with continuous business monitoring for operational, financial, legal and brand risk events.
Collaborate on risk registers, dates, tasks, acceptance and more with remediation workflow and document management capabilities.
Understand compliance and risk status across the vendor risk landscape through a central reporting console. Assessors, risk managers and executives can each see the relevant information they need to better understand and act on risk.
Flexible licensing enables you to focus on the risks that matter most to your firm. Preview vendor risk scores; dig deeper with pre-configured risk summary reports on a subset of vendors; or perform deep, controls-based risk assessments.
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
Gartner’s 2019 Magic Quadrant for IT Vendor Risk Management reviews 16 VRM providers.
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