We have worked with over 100 law firms and understand what good compliance and risk management looks like. In this session we draw together best practice and what we know works. This session can be delivered to your firm in person - please contact info@jonathonbray.com

1. How to stay off the SRA's radar
and stop worrying about
compliance

2. Our story

3. Tip 1
Put in place a compliance
plan

4. Tip 2
Business planning and
financial stability

5. Tip 3
Do a compliance ‘Gap
analysis’

7. Tip 4
Implement compliance plan,
policies and procedures

8. Tip 5
Think about COLP and
COFA roles and protection

9. Tip 6
Train your staff about risk,
compliance, procedures

10. • What is (and who is) the COLP and COFA?
• Breach and risk reporting
• The SRA rules
• Our own procedures
• Recognising complaints
• AML, cybercrime, data protection etc.

11. Tip 7
Make a habit of risk
management

12. Sample RMM agenda
• Firm news
• Regulatory news and horizon
scanning
• New business
• High risk matters/clients
• Complaints and claims
• Client praise
• Financial stability
• Accounts/bookkeeping
breaches
• Key dates
• File reviews
• Training
• Updating policies/documents
• Breach reporting
• Other risk areas:
• AML
• Referrals and fee sharing
• Introductions and commission
• Register of interests
• Undertakings
• Gifts and hospitality
• Donations
• Conflicts
• Confidentiality
• Outsourcing
• Terminated retainers
• Staffing
• Marketing
• AOB

13. Tip 8
Keep a central register

16. Tip 9
Monitor risk information
for trends

17. Tip 10
Consider the audit trail
(record, record, record)

18. Tip 11
Calculate how much
compliance costs…

19. Tip 12
Review annually…start
again at Tip 1

20. What we end up with (our
model)
• Compliance gap analysis
• Risk analysis
• Remedial steps - put in place documents, systems and
procedures
• Regular risk management meetings
• File reviews
• Review
• Telephone and email support

21. Keep up to date
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info@jonathonbray.com
@Jonathon_Bray