Risk maturity: Adapting risk management systems to new threats

24 Oct 2014

 


Key takeaway points:

  1. Leverage existing technology to improve operational risk management
  2. Make risk management part of the fee-earning process; it is essential to adoption
  3. Explain why risk management is important; don’t assume everyone understands. Education is key to ongoing adherence
  4. Don’t be afraid to publicise how well you manage your risks – clients will want to know

 

The high cost of professional indemnity insurance (PII) has always been a bone of contention in the UK legal sector and, once again, it is in the news due to the changes recently introduced by the ...

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