Description
Book SynopsisRegulation, compliance and ethics are the three common features of all well-run law firms. Without an understanding of regulatory expectations, compliance duties and ethical behaviours, a firm runs the risk of censure, adverse publicity, and client dissatisfaction. In November 2019, The SRA replaced the SRA Handbook with a new regulatory toolkit called the SRA Standards and Regulations. Solicitors and everyone working in authorised law firms are now expected to achieve the behaviours in the S & R. The second edition of Regulation, Compliance and Ethics in Law Firms has been updated to include the following: • An overview of the changes introduced by the S & R; • Commentary on the SRA Principles and the challenges of ensuring the right response in an individual's professional and private life; • An explanation of the two Codes of Conduct and the correct compliance response in law firms; • Updated disciplinary decisions; and • Case studies from leading practitioners and compliance experts. It is essential that law firm owners and managers acknowledge and have strategies to accommodate risk management, regulatory and legal compliance and ethical values in their business. They must also have a common understanding as to how this will be achieved. This guide is intended to provide lawyers with the language, arguments and practical solutions which are needed to make this happen.
Trade ReviewReview for previous edition: Great book- we have the first edition and find it very helpful. -- Ian Hunt
Definitely a must-read -- Anne O’Donohue
Regulation, Compliance and Ethics in Law Firms, Second Edition by Tracey Calvert is a well-written and concise guide to the subject. The advice is helpful whether you are a small or large firm. Sometimes though it is unclear whether the author is quoting from a source or using her own material. Having said that, a difficult subject is covered well. The case studies and examples are interesting and illuminating. There is a section on remote working and all the compliance issues coronavirus has generated. The author is correct that the success of the profession is built on its reputation – and this depends on compliance. -- David Pickup
Table of ContentsPreface 5 Section 1: Governance and risk management 9 Introduction 9 Chapter 1: Effective law firm management 11 Section 2: Demonstrating regulatory compliance in practice 73 Introduction 73 Chapter 2: What is ethics? 81 Chapter 3: Essential behaviour 85 Chapter 4: Evidence of compliance 115 Chapter 5: Safe client inception processes 121 Chapter 6: Compliance in the litigation arena 131 Chapter 7: Adding the people and commercial perspective to regulatory standards 147 Chapter 8: The Legal Ombudsman – why are we bothered? 153 Section 3: Compliance with legal obligations 165 Introduction 165 Chapter 9: An overview of legal compliance 169 Chapter 10: Managing the money laundering risk 177 Chapter 11: Managing the risks of handling data 197 Section 4: Compliance tools and resources 205 Introduction 205 Chapter 12: Be aware of recent changes 209 Chapter 13: Remote working – compliance considerations 215 Chapter 14: Conclusion 227 Chapter 15: Resources 235 Notes 237 About the author 241 Index 243 About Globe Law and Business 249
