Lawyers deal with risk every day. Whether responding to a summons and complaint, drafting an estate plan, or structuring a limited partnership, lawyers are called on to identify the areas of risk and resolve them. Because most lawyers lack formal actuarial training, few lawyers can quantify the actual level of risk in a given situation, or the exact degree to which their actions and advice reduce that level of risk. And yet, “risk reduction” is the main reason businesses and individuals hire lawyers. This articles explores the nature of risk, how lawyers assess risk, and how they can profit from doing a proper risk assessment.
Thursday, December 06, 2007
Risk Management and Document Automation
Posted by Seth
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