What's the risk?

Methods used by professional partnerships to analyse and evaluate decisions involving risks are at best basic and at worst almost non-existent, according to a study on behalf of the accountants and consultants Willott Kingston Smith & Associates.

Most law firms felt they were made risk averse by the fear of professional negligence claims, says the firm, which will be contributing to a seminar on "Measuring and Managing Risk" at the Law Society on 20 July.