This Practice Note reflects advice, guidance and updates issued by the SRA and Law Society on the impact of the coronavirus (COVID-19) on the day-to-day operation of law...
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 the impact of...
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...
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...
Please complete and email this form to the [[insert details of person nominated to receive risk reports]]. If you wish to make an anonymous report, you can do so. Simply...
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...
STOP PRESS: The SRA Standards and Regulations (also known as the ‘StaRs’) are in force from 25 November 2019. They replace the SRA Handbook 2011. Key changes include...
Our practice note: Formulating a risk management policy sets out how you might do this. This practice note identifies some common risks facing law firms. What is risk?...
Risk management is a cornerstone of a firm's governance, culture and business strategy. It requires the application of principle to specific circumstances. The challenge...
1 General information Review period[Insert review period] Date of review[Insert date] Person(s) conducting review[Insert name(s)] 2 Complaints Number of complaints...
A: General information Date of review Person(s) conducting review B: Review and findings Are your risk management policy and procedures up to date and fit for...
1 Introduction 1.1 Risk management is central to the regulatory regime under which we operate. [Insert name of firm] is committed to ensuring effective risk management...
QuestionCorrect answer 1. What is a risk? (c) The possibility of an adverse/unwelcome outcome 2. How do we identify risk? (a) Using all available sources, including...
How to use this test These questions are designed to test your understanding after your attendance at training on our risk management procedures. After you have completed...
Name of firm Name of role holder Reports to Role type☐ Full-time☐ Part-time☐ Contractor If a contractor role, length of contract Primary location Date role commenced...
A: General information Date of review[insert date] Person(s) conducting review[insert name] B: Review and findings Is your Risk register up to date?Yes/No(If no, ensure...
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...
There is a widely accepted definition of risk, ie: Risk = probability x impact So, for any given risk faced by your business, there are two questions: • how likely is it...
The purpose of our presentation is to train your staff on your risk management policy and to communicate risk information to staff. The training materials are...