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An evaluation of the utility of ISO 31022:2020 [risk management – guidelines for the management of legal risk] for use by micro-entities

Stuart Weinstein

International Review of Law, Computers and Technology2025https://doi.org/10.1080/13600869.2025.2506167article
ABDC A
Weight
0.37

Abstract

The central thesis of this article is that the International Organization for Standardization (ISO) 31022:2020 [Risk management – Guidelines for the management of legal risk] is not well-suited for micro-entities due to its complexity and the resources required to implement it by such micro-entities. This paper evaluates where ISO 31022:2020 falls short and concludes that a simplified, more accessible micro-entity-specific solution is needed. This article is an outgrowth of the author’s efforts to develop a legal expert system (OLRAS) designed to assist micro-entities to address commercial legal risk in contract clauses. A micro-entity is defined as a small business that must meet at least two of the following conditions: (1) turnover must be not more than £1,000,000; (2) the balance sheet total must be not more than £500,000; and (3) the average number of employees must be not more than ten (10). There is an acute lack of affordable legal risk management (LRM) advice for such micro-entities. This article contributes to the LRM literature in that it offers a firsthand perspective on the efficacy of the ISO 31022:2020 as a tool suitable for micro-entities.

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https://doi.org/https://doi.org/10.1080/13600869.2025.2506167

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@article{stuart2025,
  title        = {{An evaluation of the utility of ISO 31022:2020 [risk management – guidelines for the management of legal risk] for use by micro-entities}},
  author       = {Stuart Weinstein},
  journal      = {International Review of Law, Computers and Technology},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1080/13600869.2025.2506167},
}

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An evaluation of the utility of ISO 31022:2020 [risk management – guidelines for the management of legal risk] for use by micro-entities

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.