In my last article, I wrote about some supplier risk management warning signs you need to be aware of when choosing your law firm partners. Now, it’s time to talk about a few key strategies you can use to circumvent these risks.

Before we get into these strategies, however, it’s important to note that supplier risk management isn’t something that’s “one and done.” Effective supplier risk management is an ongoing process that starts before you enter into a relationship with a law firm and continues throughout the lifecycle of that relationship. The points outlined below reflect that mentality.