Risk & Reporting

Lawyers manage risk. We anticipate, identify and mitigate risk for the benefit of our clients. But do we always know where to look, and when to look? If you’re the general counsel, how can you know where the next issue or risk is going to emerge? Horizon scanning for legal developments is useful, but for real risk management you need to capture the awareness, insights and perspectives of your team in a way that’s fast, structured and usable. You need the right information, at the right time. Too much information is overwhelming, too little risks missing what matters. That’s where technology can make the difference; thoughtfully implemented, and carefully tuned to your work.

Reporting solutions do not need to be complex, but they do need to be aligned to your priorities and introduced in a way which is supported and understood by the teams using it. Through building the support and engagement of users, the technology can be an invaluable way of identifying trends and building a risk landscape from the individual contributions and data points of a geographically dispersed team. As well as identifying and mitigating risk, these platforms can also bring valuable insight for resourcing, prioritisation and tracking the value a legal team is bringing to a business.