Risk Management

Our success in the courtroom has spawned a burgeoning area of our practice: risk management, planning, and other proactive measures designed to avoid or minimize the effects of litigation. Risk management is a discipline that aims to protect assets and profits by reducing the potential for loss before it occurs, and by financing, through insurance and other means, potential risks to catastrophic loss. The risk management process consists of four elements:

• Risk Assessment - identifying and quantifying the exposures that threaten an organization's assets and profitability
• Loss Control - reducing the frequency and/or severity of losses through preventive measures, such as sprinkler systems, improved housekeeping practices or preventive maintenance of key equipment
• Risk Transfer - shifting the financial burden of loss so that, in the event of a catastrophe such as natural disasters, human error or court judgments, an organization can continue to function without severe hardship to its financial stability
• Risk Monitoring - continually assessing existing and potential exposure