As the title suggests (“Matter risk system: 11 years of evidence”), Peter’s article examines BWB’s matter-level risk management system, which has saved the firm over £6m since its introduction in 2006.
Specifically, aside from the day-to-day savings created by this program, Peter describes how the introduction of a similar system can help any professional service firm (irrespective of jurisdiction) in to reduce costs associated with professional indemnity claims.
Published on a bi-monthly basis and read by hundreds of COLPs, Legal Compliance Bulletin aims to, in its words, “provide up-to-date, very practical information” on all of the issues affecting legal compliance and regulatory professionals.
To read the rest of Peter’s article click here (please note that this piece is behind a paywall).
This information is necessarily of a general nature and doesn’t constitute legal advice. This is not a substitute for formal legal advice, given in the context of full information under an engagement with Bates Wells.
All content on this page is correct as of November 29, 2017.