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Minimise your risks

Minimise your risks

By Stephen Bubb and Heather Hibberd

Management Practice Management 


Every job is an opportunity to earn fees, do fulfilling work and enhance your reputation, but every engagement carries risk. You have a high duty of care to every client on every job. The duty applies regardless of the fee charged, your level of experience or personal circumstances at that time. Even simple legal matters can go wrong. There is both a personal and financial cost when things go wrong and a client brings a negligence claim against you. Being sued for negligence can be very distressing and time consuming. You need to review your file and respond to the allegations. If the matter proceeds you may be required to give evidence and be cross examined on what you did or didn’t do on a client matter five or more years ago. Apart from lost time, you may have to pay an insurance excess and face an increase in premiums.

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