31. How Well Do You Understand Your Client’s Risk Appetite?

Risk Series Part 1
When we talk about the importance of specializing in your client, we always stress the need to understand your client’s risk appetite. There are two elements to this: 1) enterprise risk tolerance; and 2) the personal risk appetite of the GC.

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Risk is a vast and vitally important topic. We shall return to it periodically, but for now, this series is our primer. Like many hot buttons, the perspective on risk differs according to who you ask. We start with the client view of risk, then we’ll examine it from the law firm side, before moving on to support sectors like insurers and funders. Our wrap-up lesson will also discuss the big disrupter — technology.

In Lean Adviser, when we talk about the importance of specializing in your client, we always stress the need to understand your client’s risk appetite. In this lesson, we dig into that a little deeper. There are two elements to this: 1) the organization’s view of the risks it faces — often referred to as “enterprise risk tolerance”; and 2) the personal risk appetite of the GC. Whilst these will overlap, they are not the same.

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31. How Well Do You Understand Your Client’s Risk Appetite?

Risk Series Part 1
When we talk about the importance of specializing in your client, we always stress the need to understand your client’s risk appetite. There are two elements to this: 1) enterprise risk tolerance; and 2) the personal risk appetite of the GC.

Thank you for sharing!

This premium content is locked for
Lean Adviser Legal subscribers only.

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Read These Next

1. Don’t Hide from Uncomfortable Facts

2. Lean Communications Are Relevant, Direct and Concise

3. Maintaining Lean Communication

Lean Adviser3. Provide End-to-End Service to Your Client

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31. How Well Do You Understand Your Client’s Risk Appetite?

Risk Series Part 1 When we talk about the importance of specializing in your client, we always stress the need to understand your client’s risk appetite. There are two elements to this: 1) enterprise risk tolerance; and 2) the personal risk appetite of the GC.

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Subscribe now to receive:

Read These Next

1. Don’t Hide from Uncomfortable Facts

2. Lean Communications Are Relevant, Direct and Concise

3. Maintaining Lean Communication

Lean Adviser3. Provide End-to-End Service to Your Client

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Law Topics

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Risk Series Part 1
When we talk about the importance of specializing in your client, we always stress the need to understand your client’s risk appetite. There are two elements to this: 1) enterprise risk tolerance; and 2) the personal risk appetite of the GC.

This premium content is locked for
Lean Adviser Legal subscribers only.