Risk and Compliance Service

Welcome to the Risk and Compliance Service - the Law Society's service for people who manage compliance

Practice notes

New Practice notes

14 July 2015

The Law Society have recently published a number of key practice notes for our members to read.

SRA debate on financial protections

14 July 2015

The Solicitors Regulation Authority (SRA) have published a discussion paper this week as part of their continued efforts to review and reform client financial protection arrangements.

Fourth EU Money Laundering Directive agreed

29 May 2015Updated: 26 June 2015

Two years have passed since the EU Commission published the original version of the Fourth Money Laundering Directive (4MLD) and the various parties to the legislative process have now finally reached agreement on the text.

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Legal Services Board: Tell us your experience of the legal services regulators

15 May 2015

The LSB has launched a survey inviting views from anybody and any firm that has been in contact with one of the eight legal services regulators in England and Wales, including the SRA

The Legal Ombudsman and the EU Directive on Alternative Dispute Resolution

30 April 2015Updated: 26 June 2015

The Legal Ombudsman (LeO) is changing its time limits.

PII news April 2015

30 April 2015Updated: 26 June 2015

Recent PII news and updates.

More news from the Risk and Compliance Service

Denotes premium member-only content. Existing members just need to register using the link above to gain access. Please note you must use the email address associated with your membership.

We commission articles, guidance and best practice insight to help you manage regulatory and compliance issues

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    Cybercrime - are you covered?Subscription

    31 July 2015Updated: 4 August 2015

    Brian Rogers looks at some recent cases of cybercrime, which resulted in losses in the millions for law firms and their clients, and highlights what firms should do to protect themselves.

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    PII 2015/16 renewalSubscription

    31 July 2015Updated: 4 August 2015

    As firms prepare for the main professional indemnity insurance (PII) renewal of 1 October 2015, Teresa Krajewska outlines why they should take into account an important change introduced by the Solicitors Regulation Authority (SRA) in April 2015.

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    Top tips for managing complianceSubscription

    31 July 2015Updated: 4 August 2015

    Outcomes-focused regulation has now been with us for nearly four years and during that time firms, both large and small, have put in place a multitude of procedures to try to manage their compliance risks. In this article, Peter Scott shares his top tips for managing compliance. compliance.

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    Lexcel version 6 - what's new?Subscription

    3 July 2015

    With mandatory accreditation from 1 May 2015 against version 6 of the Lexcel Standard for practices in England and Wales, Bryn Hughes (Lead Product Manager - Accreditations) at the Law Society, summarises the changes that have been made.

Other features from the Risk and Compliance Service

Exclusive sample features

Here are some sample articles from the Risk and Compliance Service. Service members get access to all our features and other exclusive content.

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Facing a compliance quandary?

The Law Society’s Practice Advice Service answers some frequently asked questions on AML, due diligence, and professional negligence

Career steps

Continuing professional development - what now?

We round up the changes to the SRA’s CPD scheme, how it could affect your firm, and what you need to do now if you want to move to the new scheme or continue with the current one


Participation offence targets those who assist organised crime groups

As part of the Home Office’s campaign to raise awareness around solicitors being used to assist organised crime groups, Karen Bradley, MP, minister for modern slavery and organised crime, outlines the impact of a new offence of participation in organised crime groups’ criminal activities.

Webinars for Risk and Compliance members

Risk and Compliance Service members get access to free and discounted webinars and events throughout the year.

Compliance for support staff

This practical webinar is designed to provide support staff with a reminder/overview of the key issues they need to be aware of in a practical and commercial way. Free to Risk and Compliance section members. 

In-house lawyers: must I have a relationship with the SRA?

This webinar forms part of the Law Society Risk and Compliance Section’s annual webinar programme (free to Risk and Compliance section members).

Offering and taking equity - a case study

Promotion to partner is a massive step for all concerned. It is a big decision both for the partnership and also for the individuals being offered partnership. This webinar will consider the issues from both the perspective of the partnership and the new partner and through the medium of a case study will address the financial and legal aspects.

Further webinars and events

Benefits of Membership*

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  • A monthly Risk and Compliance e-newsletter, dealing with the latest regulatory and compliance issues
  • Access to the Law Society’s 'Safe Harbour' initiative, providing guidance to compliance officers on the materiality of a breach
  • Access to four free webinars

As well as:

  • 20 per cent discount on subscriptions to the Legal Compliance Bulletin
  • 20 per cent discount on relevant Law Society publications

* See Service terms and conditions

Join today

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