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legal-risk-assessment

Assess and classify legal risks using a severity-by-likelihood matrix.

1|Updated Feb 10, 2026
Search Tags:#compliance#risk assessment#contract review#escalation#legal risk#legal operations
One-click install
npx skills add https://github.com/fefogarcia/approved-skills --skill legal-risk-assessment-fefogarcia
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: legal-risk-assessment
Source: https://github.com/fefogarcia/approved-skills/tree/main/skills/legal-risk-assessment
Command: npx skills add https://github.com/fefogarcia/approved-skills --skill legal-risk-assessment-fefogarcia

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill includes references (resource) components.

What problem does it solve?

This Skill helps legal teams systematically evaluate, classify, and manage legal risks by providing a structured framework for assessing severity and likelihood.

Core Features & Use Cases

  • Risk Assessment Framework: Utilizes a Severity x Likelihood matrix to calculate a Risk Score.
  • Risk Classification: Categorizes risks into Low, Medium, High, and Critical levels with corresponding recommended actions.
  • Documentation Standards: Provides templates for Risk Assessment Memos and Risk Register entries.
  • Escalation Guidance: Offers clear criteria for when to escalate matters to senior counsel or outside counsel.
  • Use Case: When reviewing a new vendor contract, use this Skill to assess potential legal risks, determine the appropriate response, and document the findings.

Quick Start

Assess the legal risks associated with the attached draft agreement using the severity-by-likelihood framework.

Frequently Asked Questions about legal-risk-assessment

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I assess legal risk in a contract review?▼

Assess legal risk in contract review by applying a severity-by-likelihood matrix that calculates a risk score and classifies issues into Low, Medium, High, or Critical levels with corresponding recommended actions.

What is the best way to classify legal risks by severity?▼

Classifying legal risks by severity involves using a structured framework to evaluate likelihood, calculate a risk score, and categorize the exposure into defined levels to determine appropriate responses and documentation standards.

When do I need to escalate a legal risk to senior counsel?▼

Escalate legal risk to senior counsel when the severity-by-likelihood assessment yields a High or Critical risk score, meeting the defined escalation criteria for outside legal review and senior management intervention.

Can I use a risk assessment matrix for vendor contract exposure?▼

Yes, you can use the risk assessment matrix to evaluate vendor contract exposure by scoring potential legal risks, classifying the deal exposure, and generating structured Risk Assessment Memos for consistent management.

Does legal risk management require standardized documentation?▼

Legal risk management requires standardized documentation to maintain consistency, providing structured templates for Risk Assessment Memos and Risk Register entries to properly record classified issues and escalation decisions.

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