Description
This is a practical session with examples, which aims to provide insights into potential risks faced by practitioners in the provision of legal services. There will be guidance on risk mitigation as well as a review of the protection offered by compulsory professional indemnity insurance that is required as a condition of the right to practice.Understanding and managing risk is important to legal professionals and their firms. Not only are practitioners required to exercise reasonable care and skill in the provision of professional advice, they are also required to act in compliance with their regulatory and professional obligations.
The speaker has considerable experience in the field of professional negligence and risk management and will share his knowledge and expertise with delegates.
Topics include:
•The protection provided by compulsory professional indemnity insurance.
•Understanding the regulatory basis of compulsory professional indemnity insurance
•What cover is provided
•Claim reporting obligations
•Potential areas of dispute
•Retiring, Acquiring, Moving or Merging Firms – Some PII considerations
•The importance of retainers having regards that the duty of the solicitor depends on the particular retainer and upon the particular circumstances of the individual case.
•Knowing the client. Considering how the scope of duty may vary depending on the characteristics of the client.
•The importance of managing client expectations having regards to your workload and time pressure.
•Avoid working outside area of competency
•How to maintain a good file that stands up to independent scrutiny
•Own interest conflicts. How to recognise and manage an own interest conflict.
•A few observations on the importance of regulatory compliance and in particular AML
| Period | 12 Sept 2024 |
|---|---|
| Event type | Seminar |