Risk Management & Compliance

The escalating cost of indemnity insurance has created a greater emphasis on demonstrating a proactive approach to reducing your firm’s exposure to risk. The SRA has adopted risk management principles as central to its Code of Conduct and Outcomes Focused Regulation and accreditations such as Lexcel mirror this. Greater attention to Risk Management not only reduces your exposure to risk in practical terms but can influence your insurance premiums and ensure regulatory compliance avoiding unwelcome attention from the SRA.

To assist you we can:

• Review your existing arrangements for the management of Risk
• Review all your policies and procedures for compliance with the SRA Code of Conduct and the Law
• Report and make recommendations for change where there are gaps in your compliance
• Help you make those changes including training personnel
• Keep you up to date with ongoing changes in the regulations that effect you
• Help you prepare for an SRA visit or other accreditation audits