Law Firm Risk Management and Peer Review

Susan Saab Fortney

Texas A & M University School of Law

April 10, 1997

Consumer Finance Law Quarterly Report, Vol. 51, No. 2, 1997

This article discusses risk management measures available to legal professionals, focusing on peer review as an important aspect of meaningful risk management. Part I of this article provides background information regarding the prevalence of legal malpractice claims and the importance of preventative risk management programs. Part II defines law practice risk management and outlines the different processes involved in risk management. These processes are expanded upon in the subsequent parts. Part III articulates the importance of client management procedures in risk management outlines the various aspects of client management. Part IV details the significance of effective administrative systems in the prevention of malpractice claims. Part V conveys how successful human resources management may prevent malpractice and employment claims. Part VI explains why, in addition to implementing preventative measures, a firm should also establish procedures for handling problems and actual claims. Part VII defines peer review and argues that peer review plays an essential role in risk management programs. The conclusion suggests various resources for guidance in developing a risk management program.

Number of Pages in PDF File: 10

Keywords: risk management, peer review

JEL Classification: K19

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Date posted: October 22, 2009 ; Last revised: November 12, 2009

Suggested Citation

Fortney, Susan Saab, Law Firm Risk Management and Peer Review (April 10, 1997). Consumer Finance Law Quarterly Report, Vol. 51, No. 2, 1997. Available at SSRN: http://ssrn.com/abstract=1492297

Contact Information

Susan Saab Fortney (Contact Author)
Texas A & M University School of Law ( email )
1515 Commerce
Fort Worth, TX 76102
United States
817-212-3902 (Phone)
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