Risk Management in Law Firms
Mitigate Risk and Enhance Firm Success
Samenvatting
Effective risk management in law firms has never been more important. Lawyers must contend with the long-standing risks associated with the practice of law, such as anti-money laundering and issues of client confidentiality, as well as new risk areas such as data protection and cybersecurity, and increased regulatory burdens. Poor handling of these risks can lead to reputational damage, diminished client relationships, and even regulatory action, and so it is critical for law firms to remain vigilant and put in place robust risk management policies, processes and systems.
Risk Management in Law Firms brings together lawyers, consultants and other risk and compliance professionals to provide expert and practical guidance on essential risk management topics. Chapters cover risks relating to clients, internal operations and law and regulation, and address recent developments including issues arising from the shift to hybrid working, the increased focus on ESG and climate change, and the extended influence of clients through outside counsel guidelines. There is also consideration of the future of risk management with coverage of the proposed changes to the SRA Codes of Conduct to address issues relating to wellbeing and unfair treatment at work, and the commercial opportunities for law firms and individual lawyers presented by the increasingly flexible principles-based regulation.
This title aims to help law firm leaders and all lawyers understand and prepare for the risks they face – as well effectively handle them when issues do arise – whether they occur in the firm’s internal operations or its dealings with clients. In-house counsel and others will also find it useful to understand their law firm colleagues better, enhancing professional relationships. With the comprehensive coverage of key risk areas in this title, lawyers and firms can not only ensure compliance, but also maintain healthy client relationships, educated staff, a positive reputation, and continued success and growth.
Specificaties
Inhoudsopgave
About the authors
Chapter 1: Managing risks in the hybrid “office”
By William Glynn, legal director, and Niya Phiri, partner, Clyde & Co LLP
Chapter 2: Climate change and ESG risks for lawyers
By Alexia Howard, senior associate, and Simon Konsta, partner, Clyde & Co LLP
Chapter 3: Data protection
By Nigel Miller, founding partner, Fox Williams LLP
Chapter 4: Cybersecurity: an existential risk for law firms
By Simon Chester, counsel, conflicts and regulatory matters, and Sandy Gill, assistant general counsel, Gowling WLG (Canada) LLP
Chapter 5: Criminal finances and investigations
By Anousheh Bromfield, senior associate, and Charles Kuhn, partner, Clyde & Co LLP
Chapter 6: Anti-money laundering – are you doing enough to protect your firm?
By Brian Rogers, regulatory director, The Access Group
Chapter 7: Professional indemnity insurance
By Rebecca Atkinson, director of risk and compliance, Howard Kennedy
Chapter 8: Protecting partner assets
By Frank Maher, partner, Legal Risk LLP
Chapter 9: SRA compliance
By Rebecca Atkinson, director of risk and compliance, Howard Kennedy
Chapter 10: Mitigating risk through your client journeys and practices
By Peter Noyce, head of legal sector, Menzies LLP
Chapter 11: Outside counsel guidelines
By Noah Fiedler, shareholder and co-leader of the Attorney Risk
Chapter 12: Conflicts of interest and confidentiality duties – effective risk management
By Tracey Calvert, founder and director, Oakalls Consultancy Limited
Chapter 13: Complaints
By Rebecca Atkinson, director of risk and compliance, Howard Kennedy
Chapter 14: Effective supervision in remote and hybrid teams
By Jamie Butler, executive coach and facilitator and founder, Jamie Butler Coaching Limited
Chapter 15: Lateral hiring in law firms – risks and reward
By Ruth Bonino, professional support lawyer, and Chris Holme, partner, Clyde & Co LLP
Chapter 16: Culture matters – a new era for law firm risk management
By Jessica Clay, partner, Iain Miller, partner, and Lucinda Soon, professional support lawyer, Kingsley Napley
Chapter 17: Innovation and the opportunities in flexible regulation
By Jonathon Bray, director, Jonathon Bray Limited
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Rubrieken
- Aanbestedingsrecht
- Aansprakelijkheids- en verzekeringsrecht
- Accountancy
- Algemeen juridisch
- Arbeidsrecht
- Bank- en effectenrecht
- Bestuursrecht
- Bouwrecht
- Burgerlijk recht en procesrecht
- Europees-internationaal recht
- Fiscaal recht
- Gezondheidsrecht
- Insolventierecht
- Intellectuele eigendom en ict-recht
- Management
- Mens en maatschappij
- Milieu- en omgevingsrecht
- Notarieel recht
- Ondernemingsrecht
- Pensioenrecht
- Personen- en familierecht
- Sociale zekerheidsrecht
- Staatsrecht
- Strafrecht en criminologie
- Vastgoed- en huurrecht
- Vreemdelingenrecht