Risk and Quality Management in Legal Practice 2nd ed

Risk management is now a key component of law firm management. This successor title to the popular Quality Management for Law Firms illustrates how, in an increasingly competitive market, law firms need to look to the principles of quality management for a programme to enhance their risk profile.

Risk and Quality Management in Legal Practice explains the nature of risk management in the legal sector and illustrates the issues that will need to be dealt with, regardless of whether a quality standard application will also be made. The book features:

• how quality management standards also offer the prospect of improved management effectiveness, increased competitiveness and better profitability
• detailed consideration of money laundering and file closure
• expert guidance on quality management principles in general, and the Law Society's Lexcel scheme in particular.

The authors possess extensive experience of law firm management in a wide range of firms, the workings of the legal indemnity insurance industry, and the role of all the main quality standards in improving law firm performance. As such, this book will be essential reading for all who manage practices whether the largest international commercial firm or the legally aided sole practitioner.