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Allison Wooddisse, head of LexisPSL Practice Compliance, looks at the whether and how law firms should indemnify COLPs against adverse consequences from taking on the role. Many COLPs are feeling jumpy but an indemnity is not as straightforward as it may appear.

Attendees at the first of a series of roadshows have been learning of the potential perils of the major regulatory changes that are on the way for solicitors, and which will radically affect the way they run their businesses.

“Unthinking reliance” on the indicative behaviours in the Code of Conduct is not a risk-free approach to compliance, the Solicitors Regulation Authority has warned. Larger firms should also not appoint their senior or managing partners to the role of compliance office for legal practice.

Barbara Hamilton-Bruce reflects on the latest developments in the phone hacking scandal and says it is by considering real-life events in the coming months that firms and their prospective compliance offices for legal practice can get the best idea of what exactly outcomes-focused regulation is going to mean for all of them.

A non-lawyer partner at a Manchester law firm has developed what is claimed to be the first web-based risk and compliance software for the legal market and aims to reduce the burden on the compliance officers every law firm has to have under outcomes-focused regulation.