Keeping out of the line of fire

21 June, 2018

A poor checking system that fails to identify actual or potential conflicts puts the law practice in the line of fire when the conflict comes to light

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Attention to all the details

15 June, 2018

Attention to all the details in preparing a contract is crucial to ensure correct and intended execution of the contract as well as good risk management. Care must be taken when using standard form contracts and completing the variables. Near enough is not good enough! In one claim, the practitioner acted for the vendor of […]

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Take a step back

1 June, 2018

Seeing the big picture is essential for good matter management. Experienced busy practitioners practising in their area of expertise are still at risk of claims. Unless you take time to stop and think about each matter it is easy to assume it is just like the last one you worked on. Don’t get so caught […]

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Risk video bite – Personal cost orders

1 June, 2018

Presenter: Matthew Rose, Risk Manager, LPLC

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Risks for the bank of mum and dad

11 May, 2018

Practitioners asked to act in transactions where parents lend money to their children to help them buy a house should stop and think about the transaction. Who are they acting for? Who else could think the practitioner is looking after their interests? If you are acting for the child in the purchase of the property […]

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Risk video bite – Family law financial agreements

4 May, 2018

Presenter: Alex Macmillan, Claims Manager, LPLC

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Post mortem risk management

1 May, 2018

Good risk management includes analysing mistakes and learning from them. IWhat has a post mortem examination to do with risk management? A doctor conducting a post mortem thoroughly examines the deceased to try to determine the cause and manner of death. The results are also useful for research and educational purposes. Consider doing a post […]

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It’s not routine for the client

27 April, 2018

Advice on a ‘cross roads’ decision for the client, such as whether to proceed with a contract of sale or bring it to an end, should always be recorded in sufficient detail in a file note and confirmed in writing to the client. It is important not to cut corners, even when the advice seems […]

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Communicate better with colleagues to close the cracks

20 April, 2018

Tasks fall between the cracks when practitioners fail to communicate proactively and effectively with colleagues. In one claim, the firm was retained by a lender to prepare a loan agreement and lodge caveats over several properties owned by the borrower. The following year, the borrower asked a consultant at the firm to arrange for the […]

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Risk video bite – Drafting

6 April, 2018

Presenter: Matthew Rose, Risk Manager, LPLC

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