The Prevalent Legal Vendor Network
The legal industry’s preferred third-party risk management solution
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.
Key Benefits
-
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
Unmatched Vendor Monitoring Intelligence
Key Features
-
Standards-Based Assessment Library
Access a database of thousands of completed and verified SIG assessments and supporting evidence. Vendors are reassessed annually or upon your request.
-
Search and Request Assessments
Search for a specific vendor in the network to access assessment, cyber, business and financial data. Request assessments with a single click.
-
Risk Score Previews
Screen vendors during RFx processes with risk score previews based on inherent/residual risk, internal assessment results, and external monitoring reports.
-
Virtual Third-Party Risk Advisor
Leverage a conversational AI trained on billions of events and more than 20 years of experience to deliver expert risk management insights in the context of industry guidelines such as NIST, ISO, SOC 2 and others.
-
Contact Onboarding
Identify potential points of contact; send templated email communications to enroll the user or identify alternatives; and onboard the user as the primary responder.
-
Outsourced Due Diligence
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.
-
Snapshot Event Triage
Conduct an initial point-in-time review of business, reputational, or data breach events identified by Prevalent Vendor Threat Monitor; analyze them to identify false positives and noteworthy events; and adjust risk scores to reflect criticality.
-
Workflow and Task Management
Streamline vendor communications and speed remediation efforts by capturing and auditing conversations, assigning tasks, and tracking progress.
-
Automation Playbooks
Efficiently coordinate internal and vendor teams with pre-built playbooks that automate a broad range of onboarding, assessment and review tasks.
-
Machine Learning Analytics and Reporting
Leverage machine learning analytics to correlate hard-to-track metrics and provide insight into the riskiest vendors, controls and trends.
-
Compliance Mapping
Prevalent automatically maps assessment responses to specific regulatory and industry framework requirements, enabling you to quickly verify compliance or justify remediation efforts.
-
Remediation Guidance
Get clear and actionable recommendations for addressing risks identified during assessments. Track and report on issue resolution over time.
-
Issue Supplementary or Proactive Assessments
Issue additional assessments for fourth-party mapping, certifications, and business profiling. Vendors can also proactively report important events.
-
Relationship Mapping
Leverage passively identified fourth-party technologies to identify and create relationships among third parties.
-
Continuous Cyber, Business & Financial Insights
Transform point-in-time vendor assessments into dynamic intelligence profiles with continuous monitoring of cyber, business and financial monitoring 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 | |
|---|---|---|
|
Users |
3 |
Unlimited |
|
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 |
|
|
|
Remediation Guidance |
|
|
|
Risk Reporting |
|
|
|
Compliance Mapping |
|
|
|
Automation Playbooks |
|
Trusted by Leading Legal Firms
-
Data SheetThird-Party Risk Management Solutions for Law Firms
Provide client assurance and protect billings with third-party governance and oversight
Blog PostThree Recommendations to Improve Law Firm Third-Party Due Diligence
Recent breaches serve as reminders for law firms to examine their third-party risk management programs. Here...
Blog PostVendor Due Diligence Strategy Guide and Checklist
Is your vendor due diligence process keeping pace with rapidly evolving risks? Here are three approaches...
-
Ready for a demo?
- Schedule a free personalized solution demonstration to see if Prevalent is a fit for you.
- Request a Demo