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Law Firm Risk Management

Enterprise Risk Management: A New Area for Attorneys

Attorneys have long played a key role in helping clients to understand and mitigate risk. Doing that requires smart attorneys to adapt over time as business changes though. And the field of Enterprise Risk Management (ERM) is undergoing just such a sea change today. ERM is becoming one of the hottest areas in the risk management discipline today, with new advances in technology and communications creating both opportunities and challenges in the space. For those not familiar with the concept of Enterprise Risk Management, the Risk Management Society defines it as “a strategic business discipline that supports the achievement of an organization’s objectives by addressing the full spectrum of its risks and managing the combined impact of those risks as an interrelated risk portfolio.” Read More