Legal Risk Training Menu
  • Home
  • Definitions
  • Principles
  • Framework
  • Process
  • About
  • Subscribe
  1. Home

Framework

A framework for legal risk is a method to fold risk management into the organization, regardless of the source or cause of the risk.

Risk management framework introduction

A framework for legal risk is a method to fold risk management into the organization, regardless of the source or cause of the risk.

Updated 4 years ago

Leadership and commitment

Risk management can succeed or fail based on support from senior management. This does not mean that the CEO, managing director, or board of directors is the sole authority for support of a legal risk management initiative.

Updated 4 years ago

Risk framework integration

To be effective, the risk management framework needs to be woven into the business strategy, not separated from it.

Updated 4 years ago

Risk framework design

A risk management framework should be simple but not simplistic. If a frontline manager cannot use and understand the framework, it probably isn't much use.

Updated 4 years ago

Risk models

At the core of the design of a risk framework is the risk model. A risk model is the technique we use to calculate or measure a particular risk.

Updated 4 years ago

Join Our Newsletter

Get the latest updates delivered right to your inbox

© 2023 Legal Risk Training. Published by Berkman Solutions Creator of Entity Management Software and Contract Management Software.