KAI 4 Risk Management

Many firms struggle to complete the initial risk assessment of a client or matter in timely and compliant fashion. In many firms the risk assessment form is still a Word document which is manually filled in and stored on the file. In many firms the Risk assessment can run to many pages and ask for information that has already captured elsewhere. In many firms it is left up to the individual Fee Earner to decide whether the risk is low medium or high and this decision is based on nothing more than a “gut feeling.”

KAI addresses these issues by gathering all of the information required during the enquiry / onboarding process and continuously updates the electronic form. Once all of the information has been collected KAI will them intelligently score the initial risk assessment and mark the file as high, medium or high and alert the senior management and compliance team of each high risk case.

By adopting KAI 4 Risk Management, Fee Earners no longer have to request or gather information, they no longer have to complete a lengthy and time consuming form and they only get involved with those cases that need attention.