Legal regulation news, updates and analysis | Page 18 of 18

The fourth Legal Business/Marsh round table brought together a group of risk managers to discuss the changing regulatory landscape and how they manage their risk functions

It is perhaps not surprising that the fourth risk round table hosted by Legal Business and Marsh was dominated by one subject. The Solicitors Regulation Authority’s new Code of Conduct, as a part of the move to outcomes-focused regulation (OFR) due in the Autumn, is weighing heavily on the minds of most risk professionals in the largest firms. The prospect of following indicative behaviours, managing relations with the SRA and appointing a compliance officer for legal practice (COLP) were all raised in the course of the discussion.

Continue reading “A different focus – Round Table”

The fourth Legal Business/Marsh round table brought together a group of risk managers to discuss the changing regulatory landscape and how they manage their risk functions

It is perhaps not surprising that the fourth risk round table hosted by Legal Business and Marsh was dominated by one subject. The Solicitors Regulation Authority’s new Code of Conduct, as a part of the move to outcomes-focused regulation (OFR) due in the Autumn, is weighing heavily on the minds of most risk professionals in the largest firms. The prospect of following indicative behaviours, managing relations with the SRA and appointing a compliance officer for legal practice (COLP) were all raised in the course of the discussion.

Continue reading “A different focus – Round Table”

With the SRA on the verge of overhauling the regulatory system yet again, our third annual Legal Business/Marsh risk management round table looked at how ever-moving goalposts will affect successful risk management in the new decade

At the top of a rain-lashed Gherkin on a chilly February night, yet another review of thelegal profession’s regulatory system was discussed, as industry experts came together for dinner to debate some of the most important issues facing law firm managers as we enter a new decade. Continue reading “Reinventing the wheel”

While firms have been talking tough on developing effective risk management teams, the preparation ends now. With fundamental changes to the profession around the corner, risk teams need to be primed for action

While the first Legal Business and Marsh risk management survey two years ago examined the need for a risk management function, and last year’s report looked at the very specific challenges facing firms in the teeth of a global recession, this year finds firms very much needing to get in shape. Talk is cheap, and the emphasis now is on getting risk management and compliance teams ready to tackle the fresh structures and regulatory pressures in a new decade.

Continue reading “Burning platforms”