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Risk Assessment produces a structured risk register for a matter, a contract, or a corporate decision. Each risk is plotted on a 5x5 severity-likelihood matrix, mapped back to specific clauses or facts, and paired with mitigation options ranked by effort and effectiveness.

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When To Use It

  • Pre-signing review on a high-value contract
  • Litigation case assessment for settlement positioning
  • Pre-IPO or pre-deal diligence
  • Corporate decision memos that need a defensible risk record
  • Regulatory exposure analysis

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Risk Categories

The assessment covers eight categories. The tool picks the relevant subset based on the documents and facts you provide:
  • Contract - Breach, performance, indemnity, limitation gaps
  • Regulatory - Compliance exposure, licensing, reporting obligations
  • Litigation - Claims risk, defense strength, damages exposure
  • IP - Infringement, ownership, license scope, third-party rights
  • Data Privacy - Personal data, cross-border transfers, breach exposure
  • Employment - Misclassification, harassment, wage and hour, separation
  • Corporate - Governance, fiduciary, change-of-control, securities
  • Other - Anything that does not fit the above

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The 5x5 Matrix

Each risk is scored on a 1-5 scale for severity (impact if it materializes, from negligible to existential) and a 1-5 scale for likelihood (from remote to near certain). The combination places each risk on a 5x5 heat map - the upper-right quadrant is the critical-attention zone, the lower-left is monitor-only. The same matrix is used by the Risk Assessment Skill so scoring stays consistent across matters.

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What You Get For Each Risk

ElementWhat It Includes
Risk statementOne-sentence description in plain English
CategoryWhich of the eight categories it falls in
Severity / LikelihoodScored 1-5 each with reasoning
Contributing factorsWhat makes the risk worse
Mitigating factorsWhat is already in place to reduce it
SourceThe clause, fact, or document the risk was derived from
Mitigation optionsThree options ranked by effort and effectiveness
Residual riskThe score after the recommended mitigation is applied
EscalationWhether the risk warrants partner, GC, or board involvement

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Mitigation Options

For each risk, the tool generates three mitigation paths:
  • Low effort / partial mitigation - What you can do this week
  • Medium effort / substantial mitigation - Negotiation or process change
  • High effort / full mitigation - Restructure, exit, or full remediation
Each option shows the new residual risk score so you can see the trade-off.

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Ready-to-run prompt

Risk Assessment - structured risk register for a contract, matter, or corporate decision.

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Monitoring Plan

For risks that cannot be fully eliminated, the assessment outputs a monitoring plan:
  • What to watch (a metric, an event, a date)
  • Who is responsible
  • The review cadence (quarterly, on event, on milestone)

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Export

  • Word memo - Full risk register formatted as a partner-ready memo
  • Spreadsheet - Tracker format with one row per risk, sortable and filterable
  • Heat map PDF - Visual 5x5 matrix for board or executive presentations

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Tips

Pair with the source documents. Run Risk Assessment inside a matter so it can draw on every uploaded contract, complaint, and email, not just the facts you typed into the prompt.
Re-score after mitigation. Update the assessment as risks are addressed - the residual score becomes the new baseline for the next review.
Sort by the escalation column. It is the most useful single field for triaging partner attention on a register with more than ten risks.

Contract Review

Clause-level review feeds risk entries straight into the register.

Compliance Check

Compliance gaps roll up into the risk view automatically.

Redline Analysis

Read a counterparty’s markup that drives shifting contract risk.

Skills

The matching Risk Assessment Skill enforces consistent scoring across teams.