By William A. Ratliff, Wallace Jordan Ratliff & Brandt, LLC
“You’ve got to know when to hold em, know when to fold em.” –Kenny Rogers
For most people, risk is a four-letter word. It’s something lawyers deal with every day. You’re paid to minimize, evaluate, and know when risk is worth taking. When you draft a contract, your client expects you to anticipate issues before they arise, and provide for the contingencies in the contract. The goal, of course, being to eliminate or minimize the risk of bad results. If you’re a litigator, your clients expect you to know and advise them on the risk of prosecuting or defending claims.