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Scope creep can be a real headache for lawyers. We all know the scenario: you issue your letter of engagement, then the transaction grows arms and legs. More work is needed. It’s all related to, but not exactly within, the original scope. Seeking to be as helpful as possible, you plough on and do all the work. At the end of the transaction the client is indignant about the higher fee. This is scope creep. At best, it can lead to awkward conversations with clients. At worst, it can be the catalyst for complaints or claims.

So, how do you stop scope creep in its tracks?

Law firms: overcoming scope creep

Scope creep can be a real headache for lawyers. We all know the scenario: you issue your letter of engagement, then the transaction grows arms and legs. More work is needed. It’s all related to, but not exactly within, the original scope. Seeking to be as help ...

10 trade credit insurance misconceptions

Trade credit insurance protects a business against the risk of not being paid for goods or services sold on extended payment terms. But whilst there may be a few good reasons for not needing it in specific cases, most arguments we hear in the market are misconceived and expose companies to significant financial risks. Particularly in the current volatile times.

Trade credit insurance protects a business against the risk of not being paid for goods or services sold on extended payment terms. But whilst there may be a few good reasons for not needing it in specific cases, most arguments we hear in the market are misconceived and expose companies to significant financial risks. Particularly in the current volatile times.

Inside Risk: selecting fire protection systems

Fixed fire protection systems (FFP) such as sprinklers are one of the most effective ways to prevent a major fire loss to a property or business enterprise. Commonly recommended by property insurers, systems can detect a fire in its initial stages and deliver a fire-fighting agent where it is needed, reducing the risk to people, property and the environment.
To ensure the maximum benefit from the investment in fire protection, it is important systems are designed and installed to meet insurer and other stakeholder needs. This Inside Risk edition explores the main considerations when selecting fire protection systems.

Fixed fire protection systems (FFP) such as sprinklers are one of the most effective ways to prevent a major fire loss to a property or business enterprise. Commonly recommended by property insurers, systems can detect a fire in its initial stages and deliver a fire-fighting agent where it is needed, reducing the risk to people, property and the environment.
To ensure the maximum benefit from the investment in fire protection, it is important systems are designed and installed to meet insurer and other stakeholder needs. This Inside Risk edition explores the main considerations when selecting fire protection systems.

Law firms: how to manage dabbling risks and avoid claims

In the era of management information and data-driven decision-making, the modern solicitor must be many things. It isn’t enough to give clear advice; the industrious solicitor is supposed to have a can-do attitude, adding value wherever possible. This can lead to a temptation to take on work outside your area of expertise.

Below, we examine the potential risks you and your firm face when ‘dabbling’ in unfamiliar territory.

In the era of management information and data-driven decision-making, the modern solicitor must be many things. It isn’t enough to give clear advice; the industrious solicitor is supposed to have a can-do attitude, adding value wherever possible. This can lead to a temptation to take on work outside your area of expertise.

Below, we examine the potential risks you and your firm face when ‘dabbling’ in unfamiliar territory.

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