Resource Centre… What Do You Want To Find?

180 year old legislation and Covid-19

Unsurprisingly there has been a surge in demand for updated wills in the last 3 weeks. We recognise our clients are advising in extraordinary times.

The Friday Afternoon Cyber Threat

Friday afternoon fraud causes chaos and leaves a trail of financial and reputational destruction in the legal sector. More information and warnings to clients are needed to help mitigate the problem.

Working from home - two risks to be aware of

Reduce the Risk of Working Remotely

COVID-19 Update

We are closely monitoring the COVID-19 (Coronavirus) outbreak, and will keep our clients and staff informed as we respond to the latest developments.

Coronavirus: What are the obligations of an employer?

In December 2019, authorities in Wuhan, Hubei province, announced a cluster of cases of pneumonia associated with the Huanan/South China Seafood Wholesale Market, for which a cause had not yet been identified.

Lockton Management Liability for Law Firms - Coverage Overview

There has been some recent press around the investigative powers of the SRA and whether the cost of representation through such examinations might be covered under D&O (Management liability Policies).

Who do I need to train on AML and what do I need to train them on?

The answer to this lies in the money laundering regulations 2017, it is required that you train relevant staff regularly. What the below video to find out more.

How resolute is your chosen advisor- is now the time to consider a switch?

The winds have, and are continuing to change in the solicitor’s professional indemnity market, and with this in mind having the right broker fighting for your practice’s interests will be crucial.

Cyber Attacks in the Professional Services Sector

Professional services firms make attractive targets for cyber criminals and are experiencing an increase in cyber-attacks. The professional services sector, a term that encompasses firms across the spectrum of accounting, legal, insurance and other client-focused businesses, has become a prime target for a number of reasons. One major factor is their access to confidential and sensitive client information, which typically is of great value.

When am I suspicious of AML

When it comes to money laundering it is important that you understand the level of suspicion and how serious you have got to be before you have a reporting obligation or you risk committing an offence. In order to be guilty of a money laundering offence you have to know or suspect that what you are dealing with is criminal property.

How do conflicts of interest arise?

According to the SRA there are two types of conflicts. There's the conflicts that clients might have with each other if we're acting for two clients against each other, or there's a conflict we can have, an own interest conflict, where we have an interest that conflicts with the client.

A review of the October PII Renewal- Why the market changed and the impact it had

Since the abolishment of the Solicitors Indemnity Fund, the October PII renewal season has always been a challenge. Many law practices have had fluctuations in premium, but it has been a number of years since a renewal season has had such a significant financial impact on the Legal Profession of England and Wales.