With a focus on specialized client relationships, legal processes and courts, arbitration, estate planning, criminal law, business law, international law and complex stakeholder connections, law firms face unique risk mitigation, insurance and employee benefits challenges. They are often confronted with concerns such as exacting contractual detail, difficult-to-measure relationship accountabilities and risks, litigious and financial exposure, and often intense intellectual property issues. The attorney-client relationship itself is typically based on the anticipation of or reaction to risk events. Insurance, therefore, can play a vital role in protecting lawyers from malpractice suits, as well as providing powerful leverage in their portfolio of risk strategies when developing client business and family agreements.
For law firms, legal competence is paramount, therefore attracting and retaining the best talent is critical. Human resources departments must deal with a diverse population comprised of support staff, associates, attorneys and highly-compensated partners and executives. As such, they are compelled to provide tailored benefits packages which meet the distinct needs of each group. Understanding these differences and knowing the details of complex executive packages is vital to the introduction and deployment of successful benefits programs within law firms.
Through years of working with distinguished practices, partnerships and firms, RCM&D advisors recognize the nuances and details of creating viable insurance, risk management and employee benefits strategies. Our Professional Services Practice is dedicated to providing these specialized organizations with comprehensive solutions designed and managed to meet their specific priorities and requirements.
Ready to continue the conversation? We’d like to. We are eager to discuss your risk and benefits management challenges, your organizational goals, and your appetite for new solutions based on your unique business needs.