A prizewinning tool to help law firms with their risk management has been published by Lockton, the insurance brokers for the Law Society Master Policy.
The risk tracker can be used by law firms to manage their risks and log information centrally to inform their risk management processes. It was designed by Glasgow trainee solicitor Daryl Jarvis as part of the inaugural Innovation Cup competition, run last year by the Law Society of Scotland, Lockton and Master Policy lead insurers RSA, and has been developed by Lockton. before being made available on its website.
Murray Etherington, the Law Society of Scotland’s Insurance Committee convener, commented: “I would strongly encourage law firms to use this risk tracker. It’s a great tool which tackles head-on the requirement to identify, monitor and manage risks.
“Risk management should be one of the top priorities for all law firms and at the forefront of all practitioners’ minds. The Law Society’s Insurance Committee is keen to ensure that firms are armed with as many tools as possible to help with their risk management activities and we think that the risk tracker is a terrific solution in terms of logging and evaluating risks.”
This year’s competition has just been newly launched. Click here for news item.