Since the abolition of the Solicitors Indemnity Fund, the October professional indemnity insurance renewal season has always been a challenge, but this year most law firms saw their premiums go up.
If you forced 10 cyber-criminals to sit through an average law firm’s IT committee meeting, they’d be turning themselves in to the National Crime Agency before it reached AOB.
If you already comply with the current accounts rules, it’s entirely plausible you don’t need to do anything to comply with the new ones from 25 November. However, we advise against this myopic course of action.
As time moves on, methods of crime and the laundering of its products change. In this blog we will look at five unexpected ways in which law firms and lawyers can fall foul of criminals.
One of the first aspects to consider is how your lawyers will use the technology you acquire, and what may be needed to optimise their user experience.
For many legal industry professionals, moving to a legal IT business can be viewed as a natural progression. They are extremely well placed to understand the exact needs of a legal software user.
Many legal firms are failing to prioritise issues such as security and compliance when it comes to technology investment. In fact, only 24% of British businesses put it at the top of their list.
Technology has made few inroads into how most people experience legal services. This is puzzling at a time when technology has transformed so many aspects of our lives, and when the big commercial law firms are investing heavily.
The introduction of the SRA Standards and Regulations on 25 November 2019 will see new issues coming into focus for you and your firms over the reporting of serious breaches to the SRA.
There are a number of changes to the accounts rules from 25 November, which law firm managers and compliance officers will need to take into account in order for their firms not to be in breach.