The 2009 Professional Indemnity Insurance crisis is one of the most significant difficulties ever to confront the Legal profession. The number and value of claims against solicitors is unsustainable and insurance companies are therefore requiring solicitors to change the way they run their businesses. Solicitors now need to incorporate risk management as an integral part of what they do. Anne Neary Consultants have developed the LQ Standard in association with the insurance industry. The LQ Standard has been specifically tailored to Irish Legal firms, and provides a set of operating and quality standards designed to minimize risk. Insurance companies have enthusiastically welcomed this standard. Firms which either register for or achieve the LQ standard will be able to demonstrate to insurers that they are compliant with a comprehensive and transparent standard. Documatics and Anne Neary Consultants have partnered to automate the LQ Standard making Legal Evolve the only Case Management system with a compatible Risk Management Module. This Risk Management Module will significantly reduce the task of attaining and maintaining LQ certification.
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