Managing risk is already a compulsory and professional requirement for all legal practices, and it will become even more important as the SRA moves towards Outcomes Focused Regulation (OFR) from October 2011. Sound risk management is elevated into one of the fundamental principles of the new Code of Conduct, and there will be a much greater emphasis on internal controls.

This seminar will focus on the management of operational risk, and will offer practical advice and guidance on implementing a risk management strategy, as well as giving delegates the tools needed to measure risk within their firms.

Key Benefits
By the end of the course, delegates will:
• Understand the regulatory background relating to business and risk management
• Appreciate their role and responsibilities within the firm’s risk management framework
• Recognise the importance of risk management and the practical implications of the firm’s policies and procedures
• Become ambassadors for the success of the firm’s risk management strategy

Programme includes
• Regulatory context – an overview of OFR and the new Code of Conduct
• Management of your business and risk management
• Creating a “risk culture”
• Risk management in practice
• Methods to evaluate operational risk
• Evidence needed to ensure compliance and reporting requirements
• The benefits of risk management