The SRA commissioned an independent report to better understand the high-risk market developments that law firms identify and how they mitigate these, where relevant.
Here is a link to the report: https://www.sra.org.uk/sra/research-publications/risk-legal-profession/
Firms were asked to select from a list the top 3 concerns as risk to the organisation over the coming year. The top 3 chosen all related to compliance: AML & Sanctions compliance, cybercrime and other regulatory compliance. An interesting read and good to see what other lawyers are thinking. With regard to opportunities, people identified better use of lawtech and AI as a major one.
Help We Offer
We help firms with regulatory compliance, AML & Sanctions, including reviewing current policies & practice & training. https://hunningsconsultancy.co.uk/compliance-services/
We also help firms improve their usage of the following case management systems: LEAP, Clio, eclipse Proclaim & Actionstep. https://hunningsconsultancy.co.uk/case-management-system-support/
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