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Legal risk covers all areas of business where regulation and the law affect operations and decisions. Legal risks arise from contract drafting and management to regulators' new focus on conduct, as well as compliance, regulatory and dispute risks. Effective management of legal risk is key for organizations that want to maximize value while minimizing cost and exposure to legal losses. Given that we live in a complex and transforming business environment, there is an urgent and important need for business to identify and manage legal risk proactively before losses are incurred. Lawyers are by training reactive and manage risk situation reactively. And then there is little incentive for law firms to help a client avoid issues proactively. The Legal Risk Management Summit is a practical knowledge-sharing forum to share insights from leading legal visionaries in India to help you understand current and emerging legal risk and in formulating a practical legal risk management framework that works for your organization.
