Legal Risk Management

Risk management involves:

• The identification of where and how things can and might go wrong
• The identification of where and how things can and might go wrong
• Appreciating the extent of any negative impact if problems arise
• Devising plans to cope with the threats
• Putting in place strategies to deal with the risks either before or after their occurrence

A good risk management process is the best way to minimise loss when problems arise. Good crisis management is essential, but never a substitute for daily risk management processes.

Clients are facing risks from many directions, including legal liability, risk of investment loss or devaluation, compliance failure and taxation. The mitigation and balancing of risk in all its forms is of paramount importance for many clients.