It is so nice to see an Arx Fatalis forum here. I bought it when it came out and loved it after I got the hang of it. Trying to decide what skills to invest in was a big part of the fun of playing. I guess I will have to dust off my old Xbox and insert the game disc. I think I still have a game in progress on it.
Liches, Liches and more Liches, those things always gave me a lot of trouble.
Spoiler They almost always Paralyze and kill me.
I played a more magic oriented character, so the way I dealt with liches was this.
Prepare the spells:
1. Paralyze
2. Drain magic
3. Whatever you want (fireball, etc.)
Pull out your sword and attack thusly.
First, activate drain magic, then charge up as fast as you can (before he can get a spell off), and hit him with paralyze. Stand next to him draining his magic while you prepare a few more spells (another paralyze and an incinerate or two).
Before you back off hit him with an incinerate, then back off (and hit him with fireball if you have it. He'll likely be out of magic at this point and will come after you in person. Charge up again and hit him with another paralyze. Stand by him and drain his magic then hit him with another incinerate.
That should usually do the trick.