Legal Risk Assessment

Legal Risk Assessment

Legal risk assessment is a more focused assessment that aims to identify factors that may impact a company’s ability to protect its legal rights, minimize potential liabilities in legal proceedings and comply with relevant regulatory and legislative requirements.

Factors to consider include:

  • Geographic jurisdictions (federal, state, local, national, multi-national).
  • Industry/line of business (some industries are more heavily regulated than others).
  • Frequency and breath of regulatory scrutiny.
  • Frequency of claims and disputes.
  • Burden of proof.
  • Nature and extent of potential sanctions.