Why the top law firms are prioritising their onboarding

Turn compliance from a cost centre into a growth engine

In this session, law-firm, compliance and RegTech leaders unpack how investing in the intake and due diligence can turn compliance from a cost centre into a growth engine. The speakers cover topics such as existing challenges with client onboarding, what digital transformation looks like and achieves, with particular focus on firmwide standardisation, data visibility and what best practices look like.

Key topics:

• Existing challenges with client onboarding clients, time to onboard, process inefficiencies, impacts on the business & client relationship.
• The most challenging parts of the flow, client identification, business checks, identity verification, screening, risk assessment
• Strategies firms are deploying to improve onboarding speed & experience
• How are law firms dealing with fragmented tech-stack and lack of standardisation across departments and offices?
• How are firms standardising onboarding across departments/offices (consistency & oversight)
• Centralised process vs decentralised - pros and cons for bothKYB & UBO identification for foreign businesses/individuals; cross-border challenges
• Scaling intake without hiring sprees; automation of repetitive admin
• Everything you need to know about FCA now regulating AML for law firms