Expertise
Our range of services
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Anti-Money Laundering
Anti-Money Laundering, Counter Terrorist Financing and wider Financial Crime issues remain near the top of the risk and compliance agenda for law firms and property professionals. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 impose…
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Conflicts
Acting when there are conflicts of interests is among the most serious breaches of the lawyer-client relationship. But the principle can be easier to state than to apply. Proper planning can make it possible to take on an instruction which might…
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Data Protection & Privacy
Cybercrime and IT security are currently top of the list of concerns for most Risk teams. The UK GDPR and the Data Protection Act 2018 are the UK’s implementation of the General Data Protection Regulation (GDPR). All our partners have qualifications in…
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Legal advice: GC, MLRO, COLP/COFA
Independent, privileged legal advice for Senior or Managing Partners, Finance Directors, Law firm General Counsel, Money Laundering Reporting Officers and COLPs and COFAs in law firms and ABSs. The terminology may have changed but the issues remain the same -…
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PII Renewals
Professional indemnity insurance renewals can be challenging for firms with a claims issue. There are three areas where we can assist you in conjunction with your brokers. First, Insurers may be wary of renewing – or taking on a new…
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Practising Requirements
Steering a way through the myriad of rules relating to entitlement to practise and the form in which it is done is part of our regular workload. Typical questions we advise on include – Can we run a separate business…
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Professional Conduct and Ethics
The areas we advise on include the following: SRA investigations, disciplinary proceedings and RSA’s. See further here. Preparing for a visit by the SRA, whether as part of an SRA thematic review or on short notice. We can help you…
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Professional Indemnity Law
These are issues which could ‘break the business’, and we regularly receive instructions from law firms and other professional practices who need specialist input. One of the problems with Professional Indemnity Law, is that most of the expertise resides with…
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Professional Regulation
We advise law firms on how to comply with the regulations which govern them, including: Compliance with the SRA Standards & Regulations 2019. The partners are the authors of the Compliance Calendar Toolkit for Law Firms. Gap analysis (showing where…
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Risk Management/Loss Prevention
Prevention is better than cure, and much of what we do is about helping you avoid problems in the first place. We advise on risk management and loss prevention programmes, including money laundering risk assessment. We undertake risk audits of…
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Services for accountants and tax advisers
We advise accountants, tax advisers and other professional services firms on legal and regulatory issues including: Client engagement, terms of business and limitations of liability Professional indemnity insurance coverage issues – advice on coverage disputes, notification of claims and circumstances…
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Services for Surveyors, Estate Agents and Property Professionals
We specialise in advising legal and property professionals on legal advisory and regulatory issues including: Professional Regulation – Assistance and advice in complying with professional regulatory requirements and standards, and conduct investigations Professional Indemnity Insurance Coverage Issues – Advice on…
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Solicitors Regulation Authority (SRA) investigations
An investigation into the conduct of the firm or an individual by the SRA can be stressful. They can cover a wide variety of issues. Recent examples where we have advised have included anti-money laundering compliance breaches, use of client…
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Successor Practices
Firms have been destroyed by taking over other practices and accidentally taking on their insurance risk under the ‘successor practice’ provisions of the SRA Minimum Terms and Conditions of Insurance. The ‘successor practice’ issue requires the clarity of mind that…
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Support for risk and compliance teams
Your risk team’s capacity is not infinite. While the demands on risk and compliance teams may ebb and flow, firms may be unwilling to see the size of their team grow to meet peak demands. Some have resorted to offshoring…
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Training
Legal Risk LLP is not a training company and any training we provide is bespoke and written and delivered by the partners in the firm. The content comes from our ongoing involvement in keeping at the leading edge of developments…
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