Risk Management Tips Archives - Colorado Bar

Minimizing Your Data Risks with Secure Passwords

Lawyers must strike a careful balance between maintaining easy access to digital files and safeguarding the firm's confidential data. Hackers are becoming more and more sophisticated, which means it's more important than ever to use secure passwords for all your files and devices. To stay safe, your firm's password security must evolve to keep pace [...]

By | November 23rd, 2020|Risk Management Tips|0 Comments

Improving Client Screening FAQs and Tips

Improving client screening is an important aspect of maintaining an efficient and effective law practice. Engaging in a representation with the wrong client or on the wrong matter could put your career and practice at risk. Improving client screening at your firm helps reduce the risk of troubled representations and malpractice claims. It's wise to [...]

By | September 25th, 2020|Risk Management Tips|0 Comments

Managing Lawyer–Client Business Transaction Risks

When a lawyer and a client enter a business transaction beyond the typical fee-for-service, the risk of a claim rises dramatically. Price-sensitive clients may offer you business equity, investment returns or even patents to better afford your services. Some of these carefully arranged side deals may even be legal and ethical at the outset but [...]

By | August 11th, 2020|Risk Management Tips|0 Comments

Top 4 Cyber Risks Faced by Lawyers

Law firms and lawyers face risks from doing business online every day. Email communications, digital files, privileged client and business records and sensitive financial transaction information are all attractive to hackers. To stay safe online, it's important to know the risks, minimize exposure and protect against potential impacts. Here are the top 4 cyber risks [...]

By | August 11th, 2020|Risk Management Tips|0 Comments

Mitigating a Lawyer’s Risk for Defamation Claims

Outside the courtroom, a lawyer's professional activities may include types of communication that increase the risk of a defamation claim. Statements made on the courthouse steps, or in press releases, interviews and written descriptions of litigation can all pose a risk of defamation exposure. Mitigating risk for defamation claims is key to avoid a stressful, [...]

By | April 3rd, 2020|Risk Management Tips|0 Comments

Managing Risk Through Client Intake Procedures

Accepting or rejecting potential clients is a frequent occurrence for practicing attorneys. To protect yourself and your firm from high-risk or incompatible clients, you need sound client intake procedures. The right client intake procedures are a smart risk control measure that may help you avert a legal malpractice claim before it can damage your business [...]

By | February 28th, 2020|Risk Management Tips|0 Comments

The Risks of Sharing Office Space as a Lawyer

There are many benefits to sharing office space as a lawyer, like increased cost savings and a more sociable workplace. But without the proper risk management precautions, the blurred boundaries of a shared office put you at greater risk of legal malpractice claims. To protect your reputation and your law firm, it's important to acknowledge [...]

By | January 22nd, 2020|Risk Management Tips|0 Comments

Logistics of a Lateral Move: Tips for a Hiring Law Firm

Lateral moves in the legal community are common and occur for several reasons. As a law firm, you may seek the expertise, passion or enthusiasm of new talent, while attorneys consider lateral moves to avoid stagnation, spur professional development or gain new perspective. Still, it's important to plan carefully to minimize the risks. If your [...]

By | January 22nd, 2020|Risk Management Tips|0 Comments

Managing Outside Counsel Guidelines

Your client’s outside counsel guidelines (OCGs) can open your firm to several risks. If left unchecked, these risks could expose your firm to additional liability that may not be covered by your Professional Liability Insurance. Where OCGs exist, they often serve as a substitute for the firm's retainer agreement and become the governing contractual document [...]

By | October 7th, 2019|Risk Management Tips|0 Comments

A Lawyer’s Cloud Computing Guide and Checklist

Is your law firm thinking of moving to the cloud? If so, you could join a number of law firms and other businesses that benefit from cloud computing's efficiency, flexibility and portability options. Yet as a lawyer, it's important to understand the potential benefits of cloud computing come with professional and ethical risks and obligations. [...]

By | August 26th, 2019|Risk Management Tips|0 Comments