Meditor Lawyers | Lawyer & law firm

Meditor Lawyers

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25.01.2022 In most contracts negotiations focus on COSTS (ie. price, payment terms and liability exposure) rather than ROI (ie. the IP, publicity, profit and follow-on opportunities). How do you build these into your contracts?

24.01.2022 Unexpectedly, most risks are also legal risks insofar as most risks have legal implications.

24.01.2022 There are different types of legal risks just like there are different types of operational risks. The issue isn't so much the size of each risk, as it is how each risk compares to the others. For example, you might ask yourself... "Should I drive to work today?" and what you decide will depend upon how you compare the risk of driving to the risk of being absent from work that day. So, the way you address your legal risks (and the cost of doing or not doing so) will always vary depending upon how you assess your legal exposures. So, how do you assess your legal exposures?

23.01.2022 There are risks and costs to a program of action, but they are far less than the long-range risks and costs of comfortable inaction. (John F. Kennedy)

23.01.2022 Welcome to 2014!!! ... A new year and a new leaf... and time to ask: * Are you legally prepared for the year ahead? Imagine what would happen if a legal crisis hit your business tomorrow What would be the consequence? Would you survive? Is not knowing worth the risk?... At Meditor Lawyers we have one simple objective - To get you legally prepared for all the legal risks and challenges you face on your business journey, by assessing, reducing and managing those risks for you. Stay tuned for upcoming posts on: (a) What it means to be Legally Prepared; (b) How to become Legally Prepared; (c) Managing the Key Sectors of Legal Risk Management for Business Owners; and (d) Developing your own Legal Risk Management Calendar. Stuart O'Neill, Principal

23.01.2022 In great companies, budgeting is not about how to allocate resources but where to invest funds (Jim Collins). Risk management is a priority.

23.01.2022 To comply with the law you must know the law. If thats not you, hire a compliance officer. It can save you money, time and stress.

22.01.2022 Legal risk management is not a discrete subject. It is at the heart of governance and compliance in every organisation.

22.01.2022 To comply with the law you must know the law. If that's not you, hire a compliance officer. It can save you money, time and stress.

21.01.2022 You cannot only assess legal risk by reducing it to a number (eg cost) as your assumptions will "skew the view". So, how do you assess risk?

20.01.2022 Legal risk doesnt just happen to you. You can create it too!

20.01.2022 A big legal risk we all know about is in the legal costs to fix a problem. Time costs can blow the budget. A fixed fee retainer keeps it.

20.01.2022 Ultimately legal risk management is about making smart team decisions on people, property and processes that protect and grow the business.

19.01.2022 Legal Risk Management is different to traditional legal services. Traditional legal services provide representation in transactions and disputes when they arise. Risk management delivers strategy, training and tools to minimise and control risks across the organisation. http://ow.ly/upr0S http://ow.ly/upr5L

18.01.2022 I often hear that clients dont ring a lawyer because they can work problems out themselves, which is of course often true. The trouble is most business owners dont have the time, efficiency or experience to do that well. Legal risk arises more from what you dont DO than from what you dont KNOW.

18.01.2022 If your business is the swimmer, the law is the water through which you must swim to reach your goal.. are you a good swimmer?

17.01.2022 Unlike other risks (e.g. acts of God), you can assess, reduce, manage and mitigate legal risk - but only if you know where it lies in your business. http://ow.ly/sORlo

17.01.2022 Most clients with debt recovery issues have no contract, bad terms or poor engagement.. all easily avoidable.

16.01.2022 My father told me as a young boy, "Never jump out of a plane without a parachute!" Another way of saying "Be Prepared" for the risk.

16.01.2022 To manage legal risk you must rely on yourself, rely on others, and rely on systems. You cant do it alone.

15.01.2022 There is middle ground between risk takers and risk avoiders where most of us can hang out.. the 'risk managers' zone.

15.01.2022 At the start now, ready to smash it!

15.01.2022 I had the great fortune of growing up in the Scouting Movement, doing lots of hiking in some of Australia's most remote and beautiful landscapes. And the attraction was always the challenge and the adventure, because as a young boy we didn't have GPS trackers, EPIRB's or mobile phones to use when we got into trouble. Our leaders always told us, you have to "Be Prepared" for getting lost, sick or injured, or else fail to cope with unexpected difficulties. I think business is much the same... an adventure with risks and challenges that can upset even the best laid plans. And every risk carries the potential of a legal claim. So, the question to ask is: Are you legally prepared for your business journey? Stuart O'Neill, Principal http://ow.ly/sKa5B

14.01.2022 Legal risk is invariably tied to the people you interact with in business, because it is people who raise complaints, claims and legal proceedings. How you engage with and manage them will determine your legal risk profile (and your business's success or failure)! http://ow.ly/t5MCQ

13.01.2022 Question : What is "legal risk"? Answer : Risk of loss due to: (1) regulatory action, (2) legal claims, and (3) mismanagement of legal rights and obligations. Of the three, "mismanagement of legal rights and obligations" is by far the most common cause of legal risk and the most significant factor leading to regulatory action and legal claims.... Stuart O'Neill, Principal http://ow.ly/sMhtk

13.01.2022 To live you must grow - to grow you must change - to change you must learn - to learn you must risk - to risk you must live.. Go on.. live!

10.01.2022 The opposite of legal risk is legal certainty.

10.01.2022 There is middle ground between risk takers and risk avoiders where most of us can hang out.. the risk managers zone.

10.01.2022 Fewer legal claims means lower legal costs, and lower claims exposure means lower insurance premiums.

09.01.2022 You cannot predict the future, but your choices today narrow the range of possibilities and make certain your direction.

09.01.2022 I recently stumbled upon a great quotation from Ayrton Senna: "It's going to be a season with lots of accidents, and I'll risk saying that we'll be lucky if something really serious doesn't happen !!" Wow, he was of course talking about Formula One Racing. But, anecdotally the same is true in business. You must expect lots of legal challenges every season, and you'll be lucky if something really serious doesn't happen !!... Do you know what your legal risks are?? (Re your customers, suppliers, staff, competitors, regulators, insurers, bankers....??). It's a very important question. Stuart O'Neill, Principal.

08.01.2022 At my Admission Ceremony in the NSW Supreme Court some 15 years ago, then Chief Justice Spigelman gave a rousing speech to the newly admitted lawyers. He said we may think of our country as a young country, but in fact the number of nations who can count over 200 years of civil history without revolution, uprising or war, are very few - by the length of our civil society, we are in fact a very old nation. (And I add, our traditional owners, who lived here some 40,000 years ...before us, are a great testament to this fact.) His Honour told the 'new recruits', you must be on guard to protect the rule of law, to defend the weak & unpopular, to stand for what is right and just, and to defend our inalienable civil rights to freedom of speech, of association, of religion, of innocence until proven guilty, of equality under the rule of law. All Australians, I believe, have a right and a duty to uphold these values and must "be prepared" to defend and claim them, in order to keep our society democratically free and to preserve our country's great history of peaceful progress. So for Australia Day 2014, this I think is a very poignant reflection of what it means to "Be Legally Prepared". See more

07.01.2022 I recently stumbled upon a great quotation from Ayrton Senna: "Its going to be a season with lots of accidents, and Ill risk saying that well be lucky if something really serious doesnt happen !!" Wow, he was of course talking about Formula One Racing. But, anecdotally the same is true in business. You must expect lots of legal challenges every season, and youll be lucky if something really serious doesnt happen !!... Do you know what your legal risks are?? (Re your customers, suppliers, staff, competitors, regulators, insurers, bankers....??). Its a very important question. Stuart ONeill, Principal.

06.01.2022 The big day is tomorrow! You can track our progress from our team space page. Http://trailwalker.oxfam.org.au/team/home/14210

06.01.2022 Ones of my faves.. From Donald Rumsfeld: There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we dont know. But there are also unknown unknowns. There are things we dont know we dont know. Gives the subject of RISK a whole new perspective!!

04.01.2022 Legal risk management is about claims prevention. Legal risk insurance is about covering claim costs.

01.01.2022 Managing the legals is as important as managing the accounts. In fact, properly managed legals will improve your bottom line!

01.01.2022 Living at risk is jumping off the cliff and building your wings on the way down (Ray Bradbury 1920-2012 - American science fiction writer.)

01.01.2022 Most small business used to be done on a handshake. New consumer laws, security law (PPSR), privacy laws and litigation practice has changed all that. You need to run your business on your own trading terms. So, are they up to date?