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, Business management, Client care, Ethics, Regulation | Accreditation

Risk Management Accreditation

1 monthIntermediate

This new accreditation will address practical Operational Risk Management. To be eligible for accreditation, candidates will complete the mandatory training currently comprising four online modules and submit assessment evidence based around those modules. Accreditation is for a period of 1 year, with annual re-accreditation, conditional upon accredited members being able to demonstrate that they continue to meet the ongoing accreditation requirements. It is envisaged that additional modules will be added in due course.

Who this is for

Practice managers, Small firms lawyers, Solicitors.

Learning outcomes

SRA competence: A1  +13 more for SRA competence: A1, A2, A3, A5, B1, B3, B4, B7, C1, C2, C3, D1, D2, D3

In this module we will be looking at the following areas:

  • What operational risk management means in the context of law practices
  • Definitions of core policies, plans and procedures
  • How policies, plans and procedures are developed, monitored and reviewed
  • Why, when and how to do a gap analysis
  • How risk can be effectively identified, categorised and managed
  • How to review and record risk responses in order to create an audit trail of effective risk management
  • The function and contents of a risk register and a compliance plan
What this will cover

The accreditation is aimed both at experienced law firm owners, managers and supervisors, as well as those new to risk management, like fee earners now looking to develop their leadership and management skills.

The accreditation is open to all practice managers, risk managers and those looking to enter a career in risk management, as well as solicitors. Taking many of the Law Society’s Lexcel practice management principles, this accreditation will also be of interest to all Lexcel assessors and consultants and to Lexcel contacts within Lexcel-accredited law firms.