litigation risk assessment

Litigation risk assessment involves evaluating the likelihood that a legal dispute will arise and the potential consequences for a business or individual. It considers factors such as the strength of the legal case, relevant laws, history of similar cases, and existing evidence. The goal is to identify possible legal threats, estimate potential costs and impacts, and develop strategies to manage or mitigate those risks. This process helps organizations make informed decisions about pursuing or defending legal actions, prioritize resources, and avoid or reduce legal exposure.