RISKS ASSESSMENT

With the right technology and the best practices, lawyers and law firms can significantly reduce the risks they face. LCFE can help you assess your needs in order to stay compliant with your Insurance Company’s requirements.

A Risk Assessment involves an analysis of the structure of the Litigation Department itself. The assessment starts with a client meeting to discuss the company’s overall organization, and review the legal and practical issues that pose legal risks. Issues identified in these meetings are then used to tailor a plan that prioritizes the client’s needs, manages and reduces legal exposure, and builds a stronger organization from within.

LCFE offers several types of risk assessments and training programs as well as ongoing consulting to help business stay in compliance with the laws of the Court.

RISK MANAGEMENT

Law firms and lawyers need professional liability insurance to protect them against the risk of malpractice accusations and to see that clients are protected. Large firms, which enjoy the advantages of numerous support staff and extensive technology budgets, take steps to address the problem and reduce their potential liability, but there may be room for improvement. Mid-sized and small firms may not have those advantages and need assistance to protect them from risk.

For insurance companies, reluctance on the part of any law firm, regardless of size, to implement standardized practices and firm-wide computerized systems (such as court calendars) is highly worrisome.