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"The audit was great for us because we were able to improve our risk management procedures and that means we actually reduced the number of potential claims" (Client firm)
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is our innovative and unique, simple to use, web-based diagnostic tool developed directly with a view to saving on professional indemnity premiums and reducing potential claims.
The product encompasses Legal Risk partners' 25 years professional indemnity experience including 5 years dedicated specialisation in risk management as well as a deep understanding of law firm management, practical compliance issues and causes of claims. Our wide and varied client base consisting of leading insurers and all sizes of firms both nationally and internationally, enables us to provide benchmarking throughout the legal sector.
is designed to audit firms in all areas of compliance and risk management but in particular money laundering compliance and developing and enhancing risk management systems and procedures.
The key elements of the program are the questions that are asked and the analysis of the results which effectively takes a firmwide snapshot of how systems are working. The detailed and practical risk assessment report which follows not only identifies areas which need review - graded according to urgency of actions, but also areas where the firm is doing well. Key benefits are:
- questionnaire based system to save cost
- tests all your fee earners and support staff, not just an interview with department head
- a clear, concise report that tells you what you need to fix with practical advice on fixing problems
- ongoing support in helping you implement your risk management strategy
View Desktop articles
- Law Society's Gazette >>
View press release for launch of referral self-audit compliance tool using Desktop.
For more information contact info@legalrisk.co.uk