Risk Management

"Risk Management is a culture not an event" 

Definition of operational risk: "The risk of loss resulting from inadequate or failed internal processes, people and systems or from external events." (Basel Committee on Banking Supervision). 

                        Manage risk

                        Be compliant

                        Control your professional indemnity costs

                        Protect your reputation

As practising lawyers, we understand the pressures our clients in the sector face.  Our track record of 25 years experience in handling professional  indemnity claims, over 5 years dedicated specialisation in risk management and our specialist knowledge of regulatory compliance and deep understanding of professional indemnity insurance, helps us provide truly practical and informed advice to our clients.

We have advised many Top 100 UK law firms and many leading firms worldwide.  We have a growing international expertise; 20% of our practice is from outside the UK.

Our wide and varied law firm client base enables us to provide benchmarking throughout the legal sector.

Services:

• Professional negligence claims prevention advice
• Assessment of law firm's exposures
• Advising on, and setting up, risk management systems for lawyers
• Contractual issues, including limiting liability
• Protection of partner assets
• Reviewing and auditing of risk management systems
• Cross border issues