Welcome to the Winter Edition of Risk Management Matters where we share with you insights on topics that impact the legal sector, including new opportunities and challenges law firms can expect over the coming year - as identified in the last SRA Risk Outlook.
We also discuss the latest SRA thematic review examining the role of the Money Laundering Compliance Officer and the Money Laundering Reporting Officer and effective Anti Money Laundering governance. We are delighted to include in this edition an article kindly written for us by Rebecca Atkinson, Director of Risk & Compliance at Howard Kennedy LLP, which explores the challenging topic of Artificial Intelligence (AI), and the use of communication apps in the provision of legal services.
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This article explores potential challenges and opportunities facing law firms post lockdown.
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What really is AI, why would firms adopt it and how to mitigate the risk?
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With digitised ways of working set to continue for 2022, it’s crucial to understand potential cyber threats and how to deal with them.
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The SRA recommend applying the ‘Three Pillars of Success’ for law firms when combating the threat of money laundering which is discussed below.
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This article explores the climate change resolution recently published by The Law Society to help law firms achieve net zero.
