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Compliance , Legal Practice | LIVE webinar

Risk and Compliance Foundation and Advanced (Legal Practice) Accreditation Training (15 September 2022)

3.5 hoursAdvanced

This intensive half-day course has been developed to support you in preparing for the examinations for the Risk and Compliance Foundation and/or Advanced (Legal Practice) Accreditation scheme. The morning only session will focus on Accounts Rules.

The Risk and Compliance Foundation and Advanced Accreditations are quality standards for legal professionals managing risk and compliance in a legal practice or department. Accreditation is an independent objective mark for those who are able to demonstrate the required knowledge, skills and competency in the field of legal risk management, compliance and anti-money laundering (AML). By holding the accreditation, you’ll demonstrate that you have risk and compliance technical skills. You’ll also be able to convey to stakeholders and prospective clients that you’ve: 

  • demonstrated your knowledge and skill; and 
  • attained an objective quality mark at a particular level of competence in these areas.

The examination preparation training is designed for practitioners with experience of risk and compliance practice. It aims to support you in a range of responsibilities including: 

  • managing and discharging regulatory responsibilities 
  • driving appropriate culture and modelling ethical behaviours in the business 
  • conducting regular reviews and strategic analyses to identify improvements 
  • proactive monitoring of risks 
  • driving progress in risk management.

The half-day course will be delivered in a virtual classroom format by Cary Whitmarsh, Senior Compliance Manager at Shoosmiths. It will run on 15 September 2022, from 9:30am to 1pm. 

Who this is for

Freelance solicitors, Junior lawyers, Paralegals, Practice managers, Small firms lawyers, Solicitors, Students / Trainees.

Required prior knowledge

You’ll be expected to have an awareness, knowledge and understanding of law, policy and procedure arising from risk and compliance law and to be a current practitioner. The course content and materials are designed to reinforce your knowledge and understanding to enable you to seek accreditation following the successful completion of the Risk and Compliance Accreditation examinations at Foundation and/or Advanced (Legal Practice) level.

Learning outcomes

SRA competence: A1  +1 more for SRA competence: A1, A2

By the end of this course, you’ll be able to: 

  • distinguish between client money and office money 
  • explain and apply good banking protocols in practice 
  • identify relevant regulatory requirements to ensure compliance with Accounts Rules 
  • demonstrate enhanced knowledge of financial and accounting reports 
  • communicate and train relevant colleagues on Accounts Rules.
What this will cover

The course is designed to enable you to gain an understanding and competence of risk and compliance legal practice law. It applies a holistic, ethics-based and strategic approach to legal practice risk management covering key syllabus areas. This is aimed to enhance your opportunity for learning and your understanding of key concepts in preparation for the examination. 

The morning will focus on: 

  • Solicitors Accounts Rules and financial crime; and 
  • Solicitors Accounts Rules and interest on client accounts.

You can explore the specific coverage of syllabus topics within the full programme here.

How you will learn

The course will be delivered through interactive teaching and learning in a virtual classroom-type format. You’ll be taking part in individual exercises, case studies and practice-based quizzes to enable you to embed your learning in preparation for the Risk and Compliance Accreditation examinations at Foundation and/or Advanced (Legal Practice) level.

You’ll will be provided with a reading list, a copy of the PowerPoint slide deck presented by the trainer, and an online manual featuring the most up-to-date legislation applicable to the management of risk and compliance in legal practice. Additional resources will be signposted throughout the course to enable you to maximise your self-guided learning.