The definitive guide to identifying and managing legal risk for legal, risk and compliance professionals and governance teams.
Legal risk covers all areas of business where regulation and the law impact on operations and decisions. From risks arising from contract drafting and management, through to regulators' new focus on conduct, as well as compliance, regulatory and dispute risks, the effective management of legal risk is key for organizations that want to maximise value while minimizing cost and exposure to legal losses. The Legal Risk Management Handbook is a practical guide to making sure your business is legal, protected and making the most of its opportunities.
Written by experts in law and risk management, this highly practical guide sets out a clear definition for legal risk and a framework for its management. Covering the full spectrum of legal risks that international businesses can face, it translates legal concepts into clear mitigatory actions. Whether you are an in-house lawyer needing a clear approach to managing risk in your areas of influence, or a member of the risk management function needing a jargon-free guide to your company's legal responsibilities, you will find authoritative insight and guidance. Containing case studies from international businesses and real-life insights from those at the coal-face of legal risk management, The Legal Risk Management Handbook is essential reading for everyone who needs a better understanding of this important business topic.
The Legal Risk Management Handbook contains a wealth of information useful for any company involved in international business to consider when managing legal risk. What sets this book apart is that it translates complex legal principles into practical operating tools that business managers and the lawyers who work with them can use on a day-to-day basis. An indispensable compendium for the legal and compliance team, the executive suite and the boardroom who must work hard to ensure that legal risk management is at the top of the agenda in every organization.
Professor Stuart Weinstein, Faculty of Business and Law, Coventry University
A must-read for in-house lawyers and new general counsels. I particularly like the simple and practical guides to implement what are quite advanced legal risk management techniques.
Simon Nasta, General Counsel, FBN UK
Legal risk management needs to become fully integrated with the practice of law. With this book, Matthew Whalley and Chris Guzelian enable in-house lawyers to get to grips with one of the least understood areas of legal practice. A must-read for General Counsel who want to articulate the value their team delivers, for Chief Compliance Officers who want to work more effectively with legal colleagues to deliver effective regulatory compliance programmes, and for any legal practitioner who operates within or delivers services to a risk-managed environment.
Neil Braakenburg, EMEA Head of Compliance, AIG Europe (and former UK Head of Legal, AIG Europe)
This book challenges all organizations to review legal risk management strategy and provides practical suggestions on how to flex their approach to enhance legislative and regulatory compliance. All those in leadership or front line advisory roles will relate to the issues raised and can benefit from the proposed solutions to manage their forward exposures to legal loss.
Matthew Kellett, EY UK Law Leader, FSO
Easy to read and dares to delve not just into the practical application of the law but the world of ethics and conduct and the role of lawyers to manage such. A valuable addition to the literature on legal risk.
Prof. Richard Moorhead, Professor of Law and Professional Ethics, Director of the Centre for Ethics and Law, UCL
Legal risk management is often still seen as a niche discipline, but I believe it has great potential once it is adopted more broadly. One of the problems is that many practitioners do not even know what this nascent discipline entails and what they should learn to start practising it. This book is a very good starting point because it offers useful practical guidelines and illustrating cases. Thanks to their professional experiences with practising legal risk management, the authors are uniquely qualified for offering such guidance.
Professor Tobias Mahler, Norwegian Research Center for Computers and Law, Faculty of Law, University of Oslo
In-house legal teams are facing major challenges. We need more books like this.
Ashley Gordon, Head of Legal, EMEA
Matthew Whalley has a unique blend of practical experience and strategic insight into legal risk management and law department operations. He created the UK's first and only Legal Risk Consultancy in 2012, and has helped FTSE 100 and Fortune 500 clients take their first steps to develop a structured approach to legal risk. He was short-listed for the Laurie Young Memorial Global Thought Leadership award in 2014 for his papers on legal risk management.
Chris Guzelian is an Associate Professor at Thomas Jefferson Law School in San Diego, California, USA, where he teaches business, criminal, and American constitutional law courses. Previously he was a state prosecutor, a civilian officer with the U.S. Department of Defense, and a lawyer with the U.S. bankruptcy courts. Chris advises a number of corporate, non-profit, and government authorities on risk-related matters.