Legal Services Risk Profiling Tool (11 slides)
What are the key risks addressed by the legal services function?
Profiling risks addressed by legal services
The legal services risk profiling tool (11 slides in PowerPoint) provides templates to help identify and assess legal services risks and mitigation measures in place.
A summary risk template identifies examples of legal risks and mitigation measures that would need to be assessed in terms of impact, likelihood, trend, and priority based on the mitigation gaps (see risk summary in the preview chart images).
Templates are also provided for more detailed profiles or descriptions of the risks identified, including the risk owner, risk description, risk drivers, evidence of the scope of the risk/ risk indicators, impact, likelihood, trend, existing mitigation measures, mitigation gaps and actions required, and priority (see example of detailed risk profile in the preview chart images).
These templates are fully editable and are intended to encourage managers to hold regular discussions on the risks faced by their organization and whether the mitigation measures are adequate.
Purchase this tool and you will receive an email with a link to download the tool (11 slides) in a PowerPoint editable format.
Examples of legal services risks
Examples of risks addressed by legal services include:
Exposure to legal risks and costs
Managers not using legal counsel when they should
Managers operating without sufficient legal authority
Legal services not keeping up with client demand
Attracting and retaining legal staff with the required skills and expertise
Increasing legal costs.