Volume 7 / Number 1   April 2012

Welcome to the April issue of On Risk.

In this spring issue of On Risk we are focusing forwards on new developments as well as looking back at reported cases and claims that we have seen. Hard to believe, but this indemnity year is almost half-way through and we at Travelers will soon be getting ready for another renewal season. Of course, the important thing is not just what you will be putting on your proposal form then, but what your claims record will show insurers, and it's what you are doing now, on a day to day basis, that will affect that. We hope this edition offers some useful thoughts on risk management.
Update – ABS are go!
Senior Product Manager John Kunzler looks at Alternative Business Structures and the effect that these new entities may have on traditional legal practices
Best Practice – What's your advice worth?
The pitfalls surrounding pro bono or 'loss leader' free advice, and how you can reduce the risk to your firm.
Decisions, Decisions
– Part One
Risk Management Consultant Paul Smith considers whether advice should be given confidently or cautiously.
Decisions, Decisions
– Part Two
Risk Management Consultant Paul Smith looks at the cost-benefit advice given to clients, and the use of decision trees in assessing risk.

Contact the editor Olivia Burren 020 3207 6918
© 2012 The Travelers Companies, Inc. All Rights Reserved. Best viewed in Internet Explorer 8

Travelers Professional Risks Limited is an appointed representative of Travelers Insurance Company Limited which is authorised and regulated by the Financial Services Authority

Registered office: Exchequer Court, 33 St Mary Axe, London EC3A 8AG
Registered in England 5201980
www.travelers.co.uk/solicitors
This information is for guidance only. No responsibility can be accepted by Travelers Professional Risks Limited or external contributors for action taken as a result of the information contained in this publication. Readers should at all times adhere to their codes of professional conduct and take specific advice when dealing with specific situations. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission of the publisher. Photocopying or other reproduction without the publisher’s permission is a breach of copyright and action will be taken where this occurs.