What Are the Consequences of Ignoring Litigation Risk?
Ignoring litigation risk can have severe consequences for a business, including:
- Financial Loss: Legal battles can be costly, both in terms of legal fees and potential settlements or judgments. - Reputational Damage: Litigation can harm a company's reputation, affecting customer trust and loyalty. - Operational Disruption: Legal issues can divert resources and attention from core business activities, hindering overall performance.