Fee proposals for managed document reviews often involve complex pricing structures, due to their multi-faceted nature. Beyond the review itself, many additional elements are typically involved in the overall project. Some of these factors are very often overlooked by less experienced document review managers, leading to surprise costs for clients and profit loss within firms.
The Phase 2 report of the Grenfell Inquiry reveals safety compromises in the UK construction industry, including cost-cutting and manipulated testing. Recommendations include stricter fire safety regulations and increased oversight. Insurers face challenges in pricing new risks and must collaborate with insureds for effective risk management.