Aon | Professional Services
Key Insights - Q4 2023
Law firm leaders must address a myriad of new and ever evolving issues relating to the health and safety of their firms and their people. As we close 2023, some of critical areas of focus range from healthcare plan coverage relating to the newest blockbuster weight loss drugs, to predicting and combatting ever-changing cybersecurity risks, to addressing new regulatory responsibilities and risks under the Corporate Transparency Act for law firms that represent clients in forming business entities.
As a law firm leader and ultimate decision-maker for your firm on these issues and others, you need to be fiscally responsible, manage potential risk, avoid mistakes, and choose wisely for your firm.
Welcome to the 2023 Q4 edition of our Aon Law Firm Advisory. Enjoy the read and please share with your colleagues.
The Professional Services Practice at Aon values your feedback.
To discuss the specific topics raised in the Law Firm Management Advisory, please contact the authors through links at the end of each article. For questions about the Advisory, please contact George J Wolf, Jr.
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December 2023 - As part of their succession plans law firms may look to combine with another firm. There could be many valid reasons for this—perhaps the firm is aging out or cannot compete in the war for talent at its current size, or it is losing clients due to a lack of a national or global reach...
October 2023 - A drug class known as GLP-1 receptor agonists or simply “GLP-1s” (e.g., Novo Nordisk’s Ozempic) has been used for several years to help control type 2 diabetes. Weight loss associated with its use was considered nothing more than a positive side effect until 2021, when the U.S. FDA...
October 2023 - In January Tom Ricketts, Professional Services Practice’s Cyber Leader, boldly made some predictions on the anticipated major cyber security challenges for professional service firms in 2023. Cyber October seemed like the ideal opportunity to review whether he was badly wrong or ...
October 2023 - In a September bulletin, the Professional Services Practice’s Loss Prevention team discusses risk considerations for lawyers who form business entities for clients in light of new reporting requirements under the Corporate Transparency Act that go into effect on January 1, 2024.
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