Code of Conduct Compliance Update

Have you cracked the code? Are you ready for a practice standards unit visit? Are you aware of the implications of Reynolds v Stone Rowe Brewer?

The Solicitors Code of Conduct was updated on 31 March 2009 providing a clearer picture of how the SRA will be monitoring compliance.

Under the Legal Services Act 2007 there is a major change in the approach to regulation and monitoring of firms by the SRA with the introduction of "entity-based" regulation which allows for both firms and employees to be brought before the Solicitors Disciplinary Tribunal.

Rule 5 makes the effective running of the firm a matter of professional conduct requiring the firm to produce evidence of a 'systematic and effective approach to management'. It requires effective systems for supervision, risk management and delegation and expects that training will be provided to ensure the competence of all personnel to perform their duties.

By the end of the course you will be able to:

  • identify your obligations to the SRA
  • take practical steps to comply with Rule 5
  • prepare for a Practice Standards Unit (PSU) visit

Course Content:

Introduction

  • the changing professional scene - the impact of the Legal Services Act
  • changes in the SRA - powers and activities
  • entity regulation - how does this change the compliance burden?

The Code of Conduct

  • Rule 1: the role of guidance
  • Rule 2: costs and effectiveness
  • Rule 3: conflicts - attempts at further reform
  • Rule 4: still unresolved

Managing the Business

  • supervisor and management of all staff
  • money laundering compliance issues
  • conflicts of interest
  • client care and costs
  • controlling undertakings
  • keeping documents safe
  • Rule 6: what is in an Equality and Diversity policy?
  • training obligations - more than CPD!
  • business continuity
  • risk management
What does your fee include?
  • Coffee & Danish on arrival
  • 2 course buffet lunch
  • printed certificate
  • Delegate Stationary
  • Refreshments on tap all day
On successful completion each candidate will receive a course certificate.