A critical aspect of the practice of law is managing risk, not just for your clients but for yourself. Risk management begins at the outset of the representation and should continue until the representation concludes. By incorporating risk management into your daily practice of law, you can avoid legal malpractice claims and disciplinary complaints, and better set yourself up for the defense of such claims should you be faced with either down the road. Below are some practical risk management tips to incorporate into your practice.
When your firm is looking to add a lateral attorney, you need the security of knowing who you are hiring and what they are bringing to the table. Like any good lender, conducting thorough due diligence is key to understanding a potential hire’s background and assessing the book of business they propose moving to your firm. While a prospective candidate might look great on paper and interview well, it is crucial to properly vet them to ensure their arrival does not prompt a legal malpractice claim or result in unintended financial losses for the firm.
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