Legal Business

Putting out new fires

This section looks at the key risks identified by the top 150 firms in the UK in our third risk management survey. While last year client bankruptcy, credit problems and other recession-related fears dominated risk managers’ agendas, this year some of those fears may have abated.

Of the potential risks identified by risk managers, the threat of clients being acquired or declared bankrupt has fallen sharply, scoring on average 2.6 out of five, compared to 3.6 last year (see ‘Legal risk profile’ table, opposite).