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Bloomsburry Family law

Risk & Compliance

S&J opens new office

In America, Washington DC-based legal firm, Steptoe & Johnson has increased its business presence with the opening of new premises in New York, as well as the appointment of two partners.

Marry in haste, repent at leisure

The business case for merger might be strong, whether it is to create a full-service firm, plug gaps in service to key clients, increase expertise, expand the client base or achieve wider geographical coverage. There are, however, significant risks, the strategic aspects of which are the main focus of many firms. Frank Maher, partner at Legal Risk, however, argues that firms need to pay far more attention to the dangers of operational risk in negotiating and completing a merger.

Down to risk business

Regulatory pressures have forced firms to think about risk like never before, but that far from means that risk-management strategies have improved. Julia Graham, director of risk at DLA, argues that firms need to think beyond regulatory compliance to embrace enterprise-wide, business-continuity management, a discipline that will enable firms to face their tangible and intangible risks.

Fiveminuteswith...

Bruce Gripton, head of the commercial services group at Eversheds, has considerable experience of partnership issues and has recently advised both his own and other firms on converting to limited-liability partnerships (LLP). Caroline Poynton talks to him about the Eversheds conversion and why it reflects a growing trend among professional firms.

Using risk management to overcome uncertainty

As law firms have grown, they have taken on many of the characteristics of corporate entities, with sophisticated structures, business and financial controls. And, just as corporates have had to face up to risk-management strategies like never before, so have law firms needed to accept the importance of positioning a risk strategy at the heart of their business. In part one of a two-part article, Julia Graham, director of risk at DLA, assesses the essential emergence of risk management in the legal world.

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