Risk Management
With Professional Indemnity (PI) Insurance cover on the increase and some insurance companies insisting on auditing firms before quoting for cover the Legal sector is under pressure to standardise its in-house procedures in relation to the Risk Management area of their business.
With figures coming out from the Insurance industry showing that 10% of claims arise from Legal Issues and 90% of claims are coming from administration, drafting, clerical issues, time pressure, compliance and failure to maintain records and systems, it would appear that the legal sector is now looking at upgrading their internal procedures and IT.
How Legal IT can help with your law firms Risk Management Solutions:
Our Partner for Windows software is the ultimate practice management solution, consisting of a seamlessly integrated range of innovative modules, to meet the individual needs of progressive legal practices. Partner for Windows software covers all areas in relation to Risk Management requirements and is fully compliant with the LEXCEL STANDARD in UK.
Partner for Windows Risk Management Software covers areas including:
- Critical Dates
- Section 68
- Undertaking Register
- Complaints Register
- File Auditing
- File Progress
- Conflict of Interest
- Money Laundering
- Time Recording/Billing Area
- Reporting
Having effective legal software in place can help deal with professional indemnity (PI) requirements and will help your law firm streamline procedures within the practice. To find out how our legal risk management software can benefit your firm, contact us via our email or call 021 4826320.