Lawcovernotes December 2017

RiskManagement –much more thanavoiding claims 18. Accessible and relatable content with clear and practical outcomes. The legal landscape has changed and continues to evolve rapidly; which means that the way a solicitor engages in legal practice is changing at a seemingly accelerated rate. Clients are better educated, with greater expectations of service delivery, turnaround and speed. Clients are also well aware that solicitors are accountable for their actions. When the nature of legal practice changes, so too does the risk. Staying alert and knowing how to manage changing risks will benefit your practice in the future. Most solicitors have a general understanding of how to identify risks in legal practice; but many do not have an understanding of the practical implications; how risks can impact upon a legal practice or how they can be managed. Many also do not understand the connection between increased claims risk and poor practice profitability. This is where risk management education comes in. The Lawcover Risk Management Education Program (RMEP) is about more than just increasing your knowledge of risk. It is about challenging your thinking on risks arising in your law practice, helping you to identify risks and providing you with practical guidance, knowledge and skills that can be easily implemented to manage that risk. The RMEP is based on real claims scenarios, real caselaw and incorporates the commercial realities of everyday legal practice informed by Lawcover’s claims investigations, research and experience. Risk Management Workshops In legal practice the risk ultimately rests with the owner of the law practice – the principals. However every solicitor and the support staff in a practice face different challenges and can be exposed to different levels and types of risk. Lawcover provides a series of Risk Management Workshops designed to address the practical challenges and risks that are unique to principals, employed solicitors and support staff. Risk in legal practice is rarely isolated to just the solicitor involved; there are always contributing factors when a claim arises. Whether it’s a missed deadline, a data breach or a drafting error, everyone that supports a legal practice should know how risk relates to them and what they can do to manage it. Annua l One Day Cl a ims Prevention Seminar Every March, Lawcover holds its One Day Claims Prevention Seminar in Sydney. The seminar is extremely popular, books out quickly, and provides solicitors with current and relatable content that includes practical risk management tips and guidance. Claims Prevention Roadshows From Albury to Tweed Heads, Lawcover’s Claims Prevention Roadshows provide the opportunity for every solicitor to access face to face risk management education. These three hour roadshows are a condensed version of the One Day Claims Prevention Seminar and provide solicitors with key practice risk messages and practical tips closer to home.