Legal Risk Management

We can help you organize your department's approach to risk management to ensure that you are taking the most effective and systematic approach to managing legal risks.

First, in collaboration with your legal staff, we’ll help you assess how well you are aligning your staff and financial resources to high priority legal risks. Next, we’ll help you select from among many different strategies for managing legal risks to help you plan and implement practical activities that will fortify your risk management. Finally, we’ll help you set up metrics to enable you to track the success of your legal risk management efforts and report to management as appropriate.

The processes we help you implement will give your staff a more explicit and shared understanding of the risks they are managing and help to uncover risks that may not be receiving adequate attention. As a result of this approach, you’ll have a more comprehensive inventory of key risks and a tracking process to ensure that your department continues to address these in the future.

Typical Assignments

Presentation to department leadership to familiarize them with effective legal risk management best practices and strategies
Planning sessions with department leadership, including use of legal risk management self-assessment scorecard
Team development of Critical Business Process maps to identify and fortify legal risk management steps while streamlining legal services
Strategy development to address below par performance areas

Article Reprint

Managing Legal Risk To Meet The Challenges Of The 21st Century The Enron situation has led to expanded government controls, tighter accounting standards and more explicit duties for boards of directors, auditors, and corporate lawyers. Using the Gateway Model and a new set of post-Enron action steps, CLOs will be able to manage this risk-heavy environment.