legal-risk-assessment

Rate the risk on severity (1-5, based on financial, operational, and reputational impact) and likelihood (1-5, based on precedent and triggering events), then multiply for a risk score. The score maps to GREEN, YELLOW, ORANGE, or RED levels, each with defined recommended actions.

Escalate mandatorily for active litigation, government investigations, criminal exposure, securities issues, and board-level matters. Strongly consider it for novel legal questions, unfamiliar jurisdictions, material financial exposure, or matters needing specialized expertise like antitrust or patent prosecution.

Scores of 10-15 (ORANGE) require escalation to senior counsel with a mitigation plan and leadership briefing. Scores of 16-25 (RED) require immediate escalation to the General Counsel, C-suite, or board, plus outside counsel engagement.

No. It assists with legal risk workflows and documentation but explicitly does not provide legal advice. All risk assessments should be reviewed by qualified legal professionals, and the framework should be customized to the organization's risk appetite.

Use the provided risk assessment memo format covering risk description, severity and likelihood rationale, score, mitigations, recommended approach, residual risk, and monitoring plan. Also log each risk in the risk register with owner, status, and review date.