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Ever wonder about the “loss prevention” part of the titles of our publications, Loss Prevention Bulletinand Loss Prevention eBytes? What exactly is loss prevention from a law office perspective and why should you care about it? Loss prevention and risk management are different terms applied to the same general concept – how you can pro-actively take steps to avoid and manage risks in your legal practice. You ought to care about loss prevention because it impacts your clients, and failing to engage in good risk management practices can be expensive, time consuming and, in some cases, career-limiting for you. To learn more about risk management, take a look at our handbook, Safe and Effective Practice, (available free and online) which focuses on prevention at the frontlines of client service – time management, client relations and communications, record keeping and generally, how to avoid being sued. Another good resource on the topic is Risk Management: Survival Tools for Law Firms, 2nded.available for purchase through the ABA’s web store. If you’re not inclined to purchase, at least take a look at the free downloadable chapter, What Is “Risk Management” (or “Loss Prevention”) Anyway? The Canadian Lawyers Insurance Association provides loss prevention information solely for the benefit of CLIA insured lawyers. The content and links provided in Loss Prevention eBytes are intended as resources to qualified lawyers who should exercise due care and their professional judgment in adapting or making use of any content.
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