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| | Legal Risk Management 
Legal Risk Management is the process of establishing and maintaining procedures for identifying and avoiding the consequences of legal risks.
Legal risk management: A different approach
Our legal risk management department provides advice focused on strategies for preventing or reducing the likelihood of adverse legal outcomes for our clients.
But legal compliance is only one aspect of effective legal risk management. At Adhoc, we have an approach to managing and protecting an organisation's assets and reputation that steps outside the 'compliance square'.
Legal risk encompasses financial risk meaning that breaches of the law will not only end up costing the organisation, but also its owners or stakeholders and even the individuals involved.
An effective legal risk management program will help avoid these costs. It allows an organisation to structure its activities and systems to maximise protection and reduce risk. Our experts work alongside management to identify trouble spots and safeguard the organisation's assets and reputation
We believe legal risk management is more than the discrete responsibility the business owner alone. It involves business protection, and, is as much about managing people and change as it is about legal compliance. It has the potential to impact on all areas of business and is the concern of every employee, shareholder and stakeholder in an organisation.
Our approach to legal risk management includes the very important objective of freeing up management time to get on with its primary focus - running a business.
Our services include:
 | Advice and assistance in relation to the design and implementation of legal risk. |
| Management systems within new and established companies and develop strategies to effectively manage an control legal risk. |
| Legal risk assessments of proposed business initiatives and Legal Auditing of existing initiatives. |
| Strategic advice on structuring new or acquired businesses to minimise legal risk and develop strategies to maximise legal protections. |
| Strategic advice on legal affairs and issues management. |
| Negotiating and resolving legal issues
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As recent events have demonstrated, managing legal risks is vital, not just for success but also for business survival. In a fast-changing legal environment, business conduct today will be judged by tomorrow’s standards. To avoid being caught unprepared, company’s must anticipate changing trends, be cognisant of market ‘best practices’ and understand how to balance competitive and business pressures against legal risk
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