Authors: Anthony J. Diana Bill Schiefelbein

In the first article of this three-part series, we outlined why legal departments are becoming more proactively involved in enterprise risk management (ERM). Now, we will explore why traditional risk management approaches remain necessary but are no longer sufficient to proactively detect real-time risk. Rather, evolving approaches that rely on data analytics to detect hidden and emerging compliance and legal risks are the future of ERM. 

View the full story at InsideCounsel.