Compliance for law firms

Comprehensive and practical guidance on how to implement the sweeping regulatory and legislative changes happening in 2011

Date: 14 Jun 2011 - 15 Jun 2011

Location: Kingsway Hall Hotel, London

"This event is essential for large and medium firms who want to know what their peer group are doing to prepare for outcomes focused regulation and the new SRA Handbook!"
Frank Maher, Partner, Legal Risk LLP

A two-day intensive conference:

  • Hear the Chief Executive of The Law Society and the Head of Standards from the Solicitors Regulation Authority (SRA) give their views on outcomes focused regulation (OFR)
  • Understand how the COLP and COFA roles will work in practice and who you should appoint to them
  • Gain an in-depth understanding of the practical applications of the new SRA Handbook (finalised in April/May 2011) on conflicts, quality and monitoring
  • NEW! Benefit from an extended 70-minute worked examples session to determine when you will need to report a problem to the SRA and when you won’t
  • NEW! Join a panel debate to discuss what personal financial information you can legitimately ask your partners to disclose
  • NEW! Explore in-depth some desensitised examples of file reviews conducted across a range of law firms
  • Discuss the interpretation and implementation of the Bribery Act and its implications for anti-money laundering and corruption
  • Keep up with an ever-changing political situation in North Africa and the Middle East to ensure an up-to-date international sanctions policy
  • Create effective training programmes on updates such as OFR, the Bribery Act and social media governance using new delivery methods
  • Debate whether or not risk and compliance teams should advise clients and whether or not they should be integrated with fee earning teams
With increased regulation, the task of "compliance" extends its reach to more and more areas of the law firm business. The second half of 2011 will be a particularly taxing time for risk and compliance heads as the finalised version of the new SRA Handbook, published in April-May, will need to be implemented, requiring changes to the way that law firms monitor quality and compliance, report problems and manage conflicts; and the creation of new roles, as well as training programmes to ensure that fee earners and support staff understand the implications of the new outcomes-focused regime.

As you would expect, the 2011 Compliance for law firms conference has a strong focus on the practical elements of this regulatory change. There will be a keynote address from the Chief Executive of The Law Society as well as a presentation from the SRA but these will feature alongside highly interactive, practical sessions such as a 70-minute worked examples workshop on SRA self-reporting, designed to give you the confidence to decide what you need to report to the SRA and what you don’t. In the same vein, there will also be an in-depth focused session exploring file reviews, based on desensitised examples from audits conducted across a large number of law firms. Many of our 2011 speakers have also been briefed to include a group discussion element in their talks, where relevant, to give you as much opportunity as possible to get involved in the practical debate and enhance your learning over the two days.

The new Handbook is not the only change that law firm Risk and Compliance Heads must contend with in 2011 and this conference will also include a practical session on interpretation and implementation of the Bribery Act 2010 and its implications for anti-money laundering and corruption. There will also be a special sanctions session, focused on the constantly evolving political and economic situation in North Africa and the Middle East to help keep you abreast of international change.

Finally, all this regulatory and legislative change is bound to have an impact on the culture of individual law firms, as well as on how the risk and compliance functions are organised within firms and how they educate the business. This year, find out how to integrate risk and compliance heads with your fee-earning teams; discuss whether risk and compliance teams should offer external advice to clients and learn how to deliver effective training programmes that cover new content through new delivery methods.

With so much change occurring in law firm compliance in 2011 and so much new content included in this year’s conference programme, it would be a mistake to miss out on this unique and timely opportunity to thrash out the practical issues with your peers and check that your firm is doing the right thing.