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.Read More
Calico Legal Solutions Group
Last year Lockton became a founding member of the Calico Legal Solutions Group. Calico is a unique collaboration of established and trusted suppliers to approximately 50% of the legal profession of England and Wales combined with clients ranging from sole practitioners through to Top 100 law firms.Read More
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.Read More
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.Read More
Changes to SRA Indemnity Insurance rules
The SRA have recently issued a statement to the profession stating that when their new Standards and Regulations come into effect on 25th November 2019, all professional indemnity insurance policies will need to change to reflect their requirements.Read More
Do I still have to do CPD?
In November 2016 the SRA changed the requirements for CPD. Find out more on the new regime of continued competence and what is expected.Read More
What do I need to know about the new SRA standards and regulations?
The new SRA standards and regulations are going to come into force on the 25th November 2019. Find out exactly what the main changes are and how this will affect your firm.Read More
Who is a Politically Exposed Person?
Find out exactly who is a Politically Exposed Person (PEP), what your obligations are under the Money Laundering Regulations 2017 and the systems you need in place.Read More
Webinar Recording | The new SRA standards and regulations 2019
On the 25th November 2019, the SRA's New Standards and Regulations will be in force. It is true that many of the principles in the existing code remain, but there are some changes you need to know about.Read More
Upcoming Webinar | New SRA Standards and Regulation | 29th October | 12pm
On the 25th November 2019, the SRA’s New Standards and Regulations will be in force. It is true that many of the principles in the existing code remain, but there are some changes you need to know about. Join us for this Compliance Update Webinar, with Amy Bell, Risk Management Consultant.Read More
Your shop window to insurers - How to use it effectively
Depending when you renew, you could be vying for the attention of an underwriter’s time with hundreds possibly even thousands of your peer group so it is important that you make an effort to stand out from the crowd. After all, your renewal presentation is effectively your shop window to insurers so it is imperative that you use it effectively.Read More
The Art of Underwriting - a guide to understanding how insurers price for your practice
A fundamental of insurance is that “the premiums of the many, pay for the claims of the few.” This means that all firms can and will be impacted by claims experienced by their professional peers.Read More
Webinar Recording | Why your law firm should think about DMARC
The National Cyber Security Centre (NCSC) together with the Law Society, SRA, National Crime Agency and Action Fraud revealed overwhelming evidence that phishing is the most significant cyber threat to the legal sector. Research has discovered that over 90% of targeted cyber-attacks start with a phishing email. DMARC defends your business against phishing attacks. It is a global industry standard that has been mandated by the British Government.Read More
- Proposal Form -
Solicitors Professional Indemnity Proposal Form (1-20 Partners)
- News - Property/Conveyancing
Leasehold properties - Grounds for concern for solicitors?
- News - Property/Conveyancing
- News - Professional Indemnity, Claims
Insured with Enterprise? Managing the fall-out from liquidation
- Guidance - Risk Management - General, Legal/regulatory changes, AML
The Biggest Change to AML in a Decade
- News - Risk Management - General
Client Account Dangers Exposed
- Guidance - Fraud & Scams
Invoice fraud: educating your clients
- News - Professional Indemnity
Solicitors PII Renewal Statistics - a year in review