Podcast Location:
Download it here [file size: 18.9 MB]
Part of:
SRA Handbook 2011 CPD Training Bundle
Categories:
Practice Management, Marketing & Skills
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at solicitors’ practices concerned about compliance issues under the new Solicitors’ Handbook 2011. It will set out how firms should go about assessing their own risk profile and what the new Handbook has to say about how risk is assessed and managed within firms. It will address the new roles of COLP and COFA and what practical systems need to be implemented to allow them to ‘cut across’ a firm’s activities. The podcast then goes on to address how the future relationship between a firm and the SRA will work in terms of reporting and compliance and what happens if risks are perceived to be hazardous to the public.

THIS PODCAST IS NOT ACCREDITED BY THE BAR STANDARDS BOARD

Outcomes:
After completing the course you will:
  • How the approach of the 2011 Handbook differs from its predecessors in how it deals with risk;
  • Know who is responsible for managing risk in a legal practice;
  • Know who can be appointed to be the posts of COLP and COFA;
  • Know what practical steps a firm can take to assist the person appointed as COLP;
  • Know what information individual firms will be asked to provide to the SRA and what relationship they will have with the regulator;
  • Understand how a firm can demonstrate they have risk management procedures in place;
  • Understand how the SRA will perceive and deal with what it perceives to be unmanaged risk in firms;
  • Understand what practical issues firms could take to minimise intervention by the SRA.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legislative Updates
Practical Guide
Sources and References:
  • SRA Handbook 2011.
Tags:

This podcast with two lawyers specialising in professional regulation focuses on the new compliance regime for assessing and managing risk within legal practices following the roll out of the new SRA Handbook in October 2011.

Podcast added: 30/11/11

THIS PODCAST IS NOT ACCREDITED BY THE BAR STANDARDS BOARD

Podcast last reviewed: 2012-05-28

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