LAW FIRM RISK MANAGEMENT BEST PRACTICES
Firms must have sound policies and procedures in place to address and manage ethical issues like client conflicts, confidentiality, technology, outsourcing, attorney marketing, departures, and fee arrangements, to name a few. To be effective, these policies must also work with the particular law firm culture, governance, and overall business strategy.
We review your firm systems and practices from an independent and practical perspective and analyze them compared to best practices – but also with what really works. We work collaboratively with law firm managers to revise existing policies, and to develop or supplement new ones when it makes sense.
We also draft and revise key law firm documents to ensure compliance with current legal and ethical guidelines, including law firm engagement agreements, client disclosure agreements, partnership agreement provisions, common interest agreements, consulting attorney and contractor agreements, partner separation agreements, departure protocols and procedures, client notice letters, and third-party contracts, indemnity agreements, and administrative service agreements.
PARTNER AND ATTORNEY TRANSITIONS
Our highly experienced team has a deep understanding of the variety of issues law firms face in the wake of departures and transitions. We understand which issues to focus on and how to analyze the issues correctly. We consistently counsel law firms on how to protect clients and their interests — from ethical considerations to departure logistics, to anticipating, interpreting and resolving partnership obligations — to ensure a successful resolution for the firm.
We provide our clients with in-depth analysis on each issue, approaching these important legal and ethical considerations systematically. This gives the firm confidence to act and frees the firm to focus on its successful and demanding law practice, so the firm’s interests are protected when an attorney or group departs, or when a partner is asked to, or required to, transition out of the firm.