Risk management

Risk management guidance:

A risk management policy outlines the risks posed to a business and provides a set of actions to be taken to both prevent the risk from occurring and reduce...

Practice Note

Managing risk is not a one-off event, it is an ongoing process, as illustrated below: This Practice Note provides guidance on evaluating and recording risks by way of a...

Practice Note

Lawyers generally have a reputation among business people for being risk averse. In-house lawyers cannot be excessively risk averse—they have to embrace risk, knowing how...

Practice Note

Investment in risk management is important. You should have some sort of risk function offering maximum return on investment by: • carrying out the greatest possible...

Practice Note

Effective risk management is a cornerstone of the SRA Handbook 2011. To manage risk effectively you must first identify the risks that could impact on your business. Our...

Practice Note

Risk management is at the heart of the Solicitors Regulation Authority's Handbook. Risk management is a cornerstone of a firm's governance, culture and business strategy....

Practice Note

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...

Practice Note

Effective risk management is a cornerstone of the Solicitors Regulation Authority Handbook 2011. The SRA has emphasised that all firms must take a risk-based...

Practice Note