DVV Solutions recognises the need for a new, smarter way to protect law firms and their clients from Third-Party risk – the risk associated with doing business with outside service providers and partner. Not only that, we’ve developed a solution to help reduce the overall spending in connection with Third-Party risk assessment and management. We call it the Legal Vendor Network™ (LVN).
LVN is an innovative program of Third Party Risk Management for the Legal sector. It operates as a membership-based program designed specifically for law firms of all sizes to perform smarter risk management through a standardised model for risk assessments and global threat monitoring of their third and fourth-party suppliers. It helps firms to manage and respond quickly to inbound requests with the ability to perform a self-assessment and provide access to that request through our secure network.
Members gain access to a supplier repository where they can view supplier information, assessment results, and populate supplier information into the supplier repository. In addition, members can benefit from comprehensive on-site and remote Third-Party assessments performed by DVV Solutions.