Full Description
Regulation, 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.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.
Contents
Preface 5Section 1: Governance and risk management 9Introduction 9Chapter 1: Effective law firm management 11Section 2: Demonstrating regulatory compliance in practice 79Introduction 79Chapter 2: What is ethics? 87Chapter 3: Essential behaviour 91Chapter 4: Evidence of compliance 121Chapter 5: Safe client inception processes 127Chapter 6: Compliance in the litigation arena 137Chapter 7: Adding the people and commercial perspective to regulatory standards 153Chapter 8: The Legal Ombudsman - why are we bothered? 159Section 3: Compliance with legal obligations 169Introduction 169Chapter 9: An overview of legal compliance 173Chapter 10: Managing the money laundering risk 181Chapter 11: Managing the risks of handling data 201Section 4: Compliance tools and resources 209Introduction 209Chapter 12: Be aware of changes 213Chapter 13: Conclusion 219Chapter 14: Resources 227Notes 227About the author 233Index 235
