2013-08-27

FOR IMMEDIATE RELEASE

Press Release Submitted By datalawonline.co.uk



 

 

 

 

Liverpool, UK (July 2013) – Solicitors have been told that the service

they provide to vulnerable clients is one of the SRA’s emerging risks

for the coming year. (Free-Pr-Online.com)

The Solicitors Regulation Authority (SRA) has published its first

annual Risk Outlook1, giving those working in the legal profession an

idea of what they should be watching out for over the coming months,

in order to avoid falling foul of enforcement action.

Risks are categorised as current, emerging or potential, helping

solicitors to know which are the most immediate threats to their

operations.

Among the first emerging risks to be identified is the issue of the

quality of service given to vulnerable clients, which solicitors have

been warned to watch out for.

Potential future risks include a lack of transparency, a lack of due

diligence when outsourcing, and abusive or improper litigation, all of

which the SRA suggests solicitors should try to avoid.

Meanwhile, in the current economic climate, it is perhaps of little

surprise that a major current risk is that of financial instability -

something the SRA is working with at-risk firms to keep under

control.

Training for risk

Managing emerging risks is one area that can be tackled using CPD

training, which remains an important element in the continuing

professional development of even experienced solicitors.

Training sessions can look at risk management directly, or might focus

on specific aspects of the job, with a better understanding of those

aspects also helping to reduce your exposure to emerging threats.

The SRA’s Risk Outlook is one way to help you to identify the areas in

which it might be best to consider undertaking some additional

training.

However, if there are any other issues that are a cause for concern

based on your unique individual experiences, it is perhaps wise to

prioritise these in any training you undertake, as they are more

likely to be pressing current concerns, as opposed to potential future

risks that have not yet emerged.

1Risk Outlook maps out key risks, SRA, July 2013

Contact:

Datalaw Ltd

1st Floor, Granite Buildings

6 Stanley Street, Liverpool UK

Zip: L1 6AF

Tel: 0151 236 2024

Email: lesleyowens@datalaw.org

Web: http://www.datalawonline.co.uk/

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