Reduced Risk and Cost in a Scalable Model of TPRM
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 party 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.