Running a law firm comes with countless responsibilities—but one that should never be overlooked is protecting the business itself. Roughly four out of five attorneys will face a malpractice claim during their careers, and most legal malpractice claims are filed against firms with five or fewer lawyers. These statistics make it clear: risk management for law firms is not just good practice—it is a necessity.
Risk is not one-size-fits-all. Each practice area, firm structure, and client base comes with its own set of vulnerabilities. That is why the first step in risk management for law firms is to conduct a thorough assessment of your firm’s specific risks.
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