Our technology policy officer Tim Hill looks at what happens with data protection should there be a no-deal Brexit.
Grahame Davidson, director of the Professional Services Group at commercial insurance brokers Aon updates us on regulatory changes to the Lexcel Standard.
Amanda Croxon, senior risk and compliance solicitor at Howard Kennedy, takes a whistle-stop tour of your client care obligations.
Marzena Lipman, policy adviser in the Regulatory Affairs Unit gives us an update on the upcoming SRA Handbook changes expected in the spring of next year.
The 2018 Anti-Money Laundering and Financial Crime conference was a great success.
Michelle Garlick, partner at Weightmans, looks at what regulatory changes and compliance challenges we can expect in 2019.
Legal services remain attractive to money launderers and every so often it’s important to check that the fundamental elements of your risk procedure are in place. Pearl Moses revisits the core elements of risk assessments.
In December this year, the SRA Transparency Rules will come into force requiring law firms to publish certain price, service and regulatory information. Sarah Brodie outlines the details.
Helena Mumdzjana reviews Solicitors and Money Laundering (4th edition) by Amy Bell and Peter Camp (Law Society Publishing, 2018).
The Insurance Distribution Directive (IDD) was implemented on the 1 October 2018. Gillian Roche-Saunders, Partner at Bates Wells Braithwaite, looks at the detail
Some of you may have attended our Autumn Risk and Compliance last month in Leeds but in case you missed it, we had over 100 delegates on the day with a packed programme covering SRA changes, price transparency, AI and blockchain, AML, GDPR as well as ethics and social media and privacy.
Neil Partridge, operations director at PDA Legal and a Lexcel assessor, considers the practical application of data protection in legal practice.
Concerns about the improper use of client accounts have prompted the SRA to update their warning notice. We look at the key changes.
Following several highly publicised attacks on law firms, including the DLA Piper ransomware attack and the Paradise and Panama Papers data breaches, there has been an uptake in firms buying cyber insurance. James Noon, senior vice president of Paragon International Insurance Brokers Ltd, looks at the options.
The Law Society’s Practice Advice Service answers some frequently asked questions on anti-money laundering (AML).
Law firms are often also employers and as such hold personal data on both current and former employees as well as clients. Pearl Moses looks at GDPR from an employer’s perspective.
Rina Amin, a risk and compliance solicitor at Howard Kennedy LLP, looks at how to avoid breaching UK sanctions and ensure compliance.
Last week the SRA announced a series of decisions on the outcome of its Handbook reforms. Marzena Lipman, Policy Adviser, gives an overview of the changes.
Last week the SRA announced it would proceed with controversial proposals to require firms to publish pricing information on their websites. Michael Lonergan, policy adviser, outlines the changes announced.
Deciding to cease practising or change careers can be difficult decisions to make, particularly if you own a law firm. Helen Carr, co-author of the Law Society’s Exit Strategies Toolkit, looks at the personal and practical considerations and the regulatory requirements that should form a part of ...
Non-disclosure agreements (NDAs) are a hot topic following the highly publicised use of them by Harvey Weinstein to keep a lid on any potential sexual harassment claims. Mena Ruparel considers the reporting requirements for solicitors in light of the Solicitors Regulation Authority’s (SRA) warning notice.
The Risk and Compliance Service has done a lot of work providing practical advice on devising a clear ‘action plan’ on how to comply with the GDPR. Pearl Moses looks at conducting an audit to map out all the data your firm holds.
In a year of momentous regulatory change, Neil Partridge, Operations Director of PDA Legal and a Lexcel assessor, looks at the upcoming changes to Lexcel.
Pearl Moses looks at the requirement of data subject access requests and how to manage them.
Andrew McWhir, Policy Advisor at the Law Society, looks at whether your firm will need to appoint a data protection officer.
We answer some frequently asked questions on the upcoming GDPR
Insight from this year’s Risk and Compliance Conference which took place in March.
The Law Society held a symposium, ‘Owning up to Mistakes’ and during one of its workshop sessions Pearl Moses led a lively discussion on honesty, integrity and how to deal with mistakes when they inevitably happen. She offers her top tips here.
Looking for a change of job? We asked some risk professionals how they forged successful careers in risk and compliance.
Helen Carr reviews the recently published Legal Training Toolkit
Funke Abimbola General Counsel & Head of Financial Compliance at Roche gives us some insights into her career journey in risk.
Ransomware continues to dominate the cybersecurity landscape, and with the well-publicised attack on DLA Piper last year, it’s clear that law firms are not immune to the threat. Here are some top tips to keep your firm safe.
We ask some compliance experts what regulatory challenges can be expected for risk professionals in the coming year.
Nigel West reports on an important Supreme Court decision that has changed the test for dishonesty in disciplinary proceedings.
Rebecca Atkinson, Director of Risk at Howard Kennedy LLP, sets out the requirements of the Criminal Finances Act 2017 and outlines how you can comply in a practical and straightforward way.
The General Data Protection Regulation will introduce new reporting requirements and financial penalties with regard to data breaches. Anna Drozd, EU professional practice policy advisor, and Arfah Chaudry, intern, look at the key changes for law solicitors.
With law firms under a duty to replace any lost client funds, the financial burden of email fraud attacks could be crippling. We give our top tips below.
With all the current regulatory challenges firms need risk registers now more than ever – but how many is enough? Pearl Moses discusses how you can make your risk register more holistic in order to manage uncertainty.
Helen Carr reflects on the past 12 months and looks ahead at what is coming up in the next year.
A summary of the this year’s AML and Financial Crime conference.
Tracey Calvert looks at how to meet all the compliance and ethical obligations the regulator requires when one or more fee earners or staff leave a legal business.
The Criminal Finances Act 2017 came into force on 30 September 2017. Pearl Moses looks at what you need to do.
In late September, the SRA opened its three month consultation on improving the availability of information for consumers. Michael Lonergan, policy adviser, gives an overview of the consultation and encourages members to share their views on it.
Janet Noble, Risk and Compliance Product Manager, reports on our recent conference.
Pearl Moses gives us a summary of the main changes proposed by the SRA in the new, slimmed down version of the SRA Handbook.
Alison Matthews considers the requirements of the Money Laundering and Terrorist Financing Regulations 2017 and highlights the key changes you need to make to ensure you’re compliant within a very short time frame.
Bahare Heywood, head of international compliance at Clifford Chance, answers a few questions about her career, the challenges of risk at a large international firm, and Brexit.
Intro: Mena Ruparel, co-author of How to be an ethical solicitor , considers the SRA’s new warning notice and how your ethics as a solicitor should inform your communications.
One of the key benefits of membership is access to our ‘Safe Harbour’ initiative, providing written guidance to compliance officers on the materiality of a breach. Here we offer some examples of our written guidance to members.
Brian Balkin of Locktons Companies LLP, answers some questions on the possible effects of Brexit on professional indemnity insurance.