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Bloomsburry Family law

Risk & Compliance

Dare to risk

Considering the importance of risk management to a profession that is more exposed to the scrutiny of the insurance industry than ever before, it is still an area that is largely undervalued. John Goreing, finance director at Fladgate Fielder, assesses the risks that the legal profession faces and explains why firms must build a framework and methodology for identifying risk and effectively implement a risk-management strategy across the business.


In the last issue of Managing Partner, Damian Griffiths of Addleshaw Goddard, argued that e-mail management has become a major challenge of the law-firm IT department. Daniel Pollick, IT Director at DLA, takes up the debate in this issue, explaining to Caroline Poynton how he has addressed the issue within his firm.  

Risk management for law firms

The Money Laundering Regulations 2003 have just come into force (March 2004), requiring law firms to comply unless they wish to risk prosecution, fines and, most worryingly, irreparable damage to their reputation.

Thought leader

Many personal-injury lawyers may be forced out of business unless they improve risk management when taking on conditional-fee arrangements (CFAs).

Growing, growing, gone

Eighty-three per cent of lawyers say it is important to ditch certain clients to grow the firm, according to a survey conducted by Begbies Traynor, specialists in managing corporate change and development.

KLegal becomes McGrigors

McGrigor Donald and KLegal have confirmed a change of name and will become McGrigors as of 2 February 2004. The move paves the way for the pending separation, for regulatory reasons, of KLegal from KPMG.