From Risk to Resolution: Crafting Legal Strategies That Work for You
What would you do?” It’s one of the most common questions clients ask their lawyer. While it may seem like a fair question, the answer might not be that helpful. Sure, a lawyer can tell you what they might do if they were in your shoes, but the better focus is on what you should do—based on your unique goals and risk tolerance. This post explores the conversation around risk that should take place between you and your lawyer and the role both parties play in developing effective legal strategies. While we offer examples from the environmental and natural resource space, these principles apply to any attorney-client relationship. Types of Risk: Financial, Litigation, Reputational, and More When engaging a lawyer for matters involving transactions, disputes, or policy development, you need to weigh several types of risk: Financial Risk – Will the resolution cost more than the reward? Can future costs be contained? Litigation Risk – What are the chances of winning or losing, and how doe...