Outcomes Focused Regulation - the New Legal Landscape

The introduction of the new SRA Code of Conduct in October 2011 will usher in an entirely new and, for lawyers, potentially disturbing approach to the regulation of legal services by the SRA. With a far greater emphasis on the identification and management of risk, and an associated requirement for law firms to self-disclose to their regulator a greater extent than hitherto, law firms and their employees will need to know what their compliance obligations are, and how to meet them.

Contents

This practical 3 hour course covers:
  • The SRA's Mission and Objectives
  • What is Outcomes Focused Regulation?
  • What Changes Will OFR Bring?
    • Cultural implications - can the regulatory leopard change its spots? Can we?
    • Disclosure implications - greater openness between regulator and regulated
    • An emphasis on protection of the clientbase
    • A focus on risk
  • Comparative Structures
  • The Principles
  • Outcomes and Indicative Behaviours
  • COLP's and COFA's
  • Authorisation and the Suitability Test
  • Practical Considerations
    • Meeting the outcomes
    • Equality and diversity
    • Client care
    • Conflict and confidentiality
    • Managing your business

For more information, please contact the course presenters, Simon Bray and Matt Moore.