SRA Risk Outlook 2018—what should law firms be doing in response to this?
SRA Risk Outlook 2018—what should law firms be doing in response to this?

The following Practice Compliance guidance note provides comprehensive and up to date legal information covering:

  • SRA Risk Outlook 2018—what should law firms be doing in response to this?
  • What’s the purpose of the SRA Risk Outlook?
  • What are the priority risks for 2018—2019?
  • Access to legal services
  • Standards of service
  • Information security
  • Integrity and ethics
  • Protecting client money
  • Money laundering
  • Diversity in the profession
  • more

What’s the purpose of the SRA Risk Outlook?

On 25 July 2018, the SRA published the Risk Outlook 2018–2019 which sets out the ten priority risks and challenges the SRA believes solicitors and law firms are currently facing. The SRA Risk Outlook also contains updated trends information, case studies and guidance on actions law firms and solicitors can take to manage these key risks and challenges. This is the sixth Risk Outlook published by the SRA.

As a reminder, the aim of the Risk Outlook is to:

  1. provide an overview of the key risks and challenges the SRA believes solicitors and law firms are facing over the next 12 months

  2. show the SRA's priorities and where it will be focusing its resources

  3. explain how the SRA intends to address these risks and act in the public interest

  4. help law firms and solicitors to manage these priority risks within their own businesses

What are the priority risks for 2018—2019?

There are ten priority risks in the SRA Risk Outlook 2018–2019 compared to eight in the 2017/2018 version:

2018/2019 priority risks 2017/2018 priority risks
Access to legal services Lack of access to legal services