This updated third edition moves past recognizing risk and addresses the realities of managing risk. From managing employees to performing appropriate client intake due diligence, this book offers a practical approach to evaluating the state of risk management within your firm, and to implementing a program to control it. Topics include strategies for tailoring a risk management program to your firm's specific needs, how a good plan will improve your firm's profitability, when and why to refuse a client's business, how the rise of technology has affected risk for the modern law practice, the need for an in-firm general counsel, self-assessment questionnaires for evaluating every aspect of law firm risk management.