Legal Business

Risk management and professional indemnity survey 2013: Same Old Fears

Despite renewed focus on outcomes-focused regulation, IT security and conflicts remain the key threats keeping risk teams awake at night.

This section of the report analyses the likely impact of various risk scenarios on law firms and the likelihood of those situations occurring. Typically those situations that potentially have the most serious impact on a firm’s business are the least likely to occur, and vice versa. ‘Legal Risk Profile’ tables show the mean scores for impact and potential as separate indices.