Written by Mark Little on . Posted in Risk Management
Legal risk is one of the most difficult kinds of risk for organizations to measure and manage. This article explains how to define and classify legal risk so that organizations can develop an effective risk management strategy.
Written by Mark Little on . Posted in Risk Management
"How did this happen?" is the first question every general counsel or compliance officer has to answer once an organization is sued or receives a regulatory sanction of some kind. The answer is that the organization does not manage legal risks systematically as it does other risks. Legal risk remains one of the most challenging and least understood risks to manage.
Written by Berkman Solutions on . Posted in Risk Management
Governance, risk, and compliance professionals often compete with economists for the most dismal view of events. To practitioners, "GRC" is not monolithic, but which one is the most popular?
Written by Berkman Solutions on . Posted in Risk Management
The Economist's March 21st, 2015 article, "Attack of the bean-counters. Lawyers beware: the accountants are coming after your business" identifies a second wave of legal hiring by accounting firms globally. The Economist takes the position that global accounting firms are building internal legal services capacity closely related to their core non-audit lines business. PwC, for example, is now the tenth largest legal services firm by headcount.
Written by Berkman Solutions on . Posted in Risk Management
The agenda for the quarterly senior management meeting has 20 minutes for "Contract issues." How to make the most of those 20 minutes when there are so many "contract issues" confronting the organization? The 20 Minute Risk Manager outlines how to make an effective risk management presentation.