Business Continuity Plan Template For Law Firms

The goal of these plans is to prevent business operations from stopping.

Business continuity plan template for law firms. Loss of revenue on an hourly or daily basis. Implementing a business continuity plan is a must for law firms of all sizes. Small introducing firms firm name business continuity plan bcp updated may 12 2010. The template recognizes that many small introducing firms rely on. Risks that you might face and develop an appropriate plan for each one.

Organization recipient location mit plan farm copies team copies business continuity management team coordinators 2 1 audit division 2 1 campus police 2 1 comptrollers 2 1 accounting office cao payroll 2 emergency 2 1 response team insurance 2 1 i s operations 2 1 systems mit news office 2 1 personnel office 2 1 physical plant 2 1 president s 2 1 office safety office 2 1 telecommunications. But if the plan has been put together haphazardly or hasn t been updated in years then it creates a liability. Using this template you can plan out the critical elements needed to continue business as usual including recovery priorities backup and restoration plans and. It identifies high business impact operational areas assets and recovery strategies with. Small firm business continuity plan template.

When disaster strikes the firm will not be adequately prepared resulting in costly disruptions and potentially even compromising its chances of survival. Stay in business can develop an exhaustive business continuity plan for law firms that protects data connectivity and other assets such as phones and critical systems. Home business plan business plan template law firm currently viewed by shelby c at july 02 2020 14 05 10 a recession is the optimal time to reinvent competitive advantage because the pressure of a feeble economy will separate the strong businesses from the weak ones with the weak falling out of the game entirely. What is a business continuity plan. This optional template is provided to assist small introducing firms in fulfilling their need to create and maintain business continuity plans bcps and emergency contact person lists under finra rule 4370 business continuity plans and emergency contact information.

Similar to the business continuity plan template this template documents the steps involved in maintaining normal business operations during an unplanned disruption or disaster. Finra is providing a template as an optional guide to small introducing firms to assist them in fulfilling their need to create and maintain business continuity plans bcps and emergency contact person lists under finra rule 4370. Law firm business continuity and contingency planning for small law firms the need to keep your doors open for. Finding new equipment renting a. A business continuity plan bcp template is a tool used by business continuity managers and it teams to outline strategies for keeping businesses operational despite emergencies such as extreme weather events building evacuations power outages etc.

A business continuity plan is an initiative to make a system of preventing and recovering from threats to the company it involves procedures that ensure employees security and allow them to continue doing their work despite disastrous events and other unfavorable circumstances.