This 2020 video by Paul Smith is the first in a series of “Ten minute briefings”, to share Travelers' knowledge around risks in legal practice. It is based on our claims experience during almost 20 years, covering all law firms from sole practitioners to global law firms.
The video takes a helicopter view of risk and is organised into three parts.
- Cause: People, product, process, risk maturity
- Effect: Advice, dishonesty, drafting, retainer management
- Consequences: Clients, damages, regulation, reputation