The introduction of the new SRA Handbook on 6 October 2011 has brought about a number of important changes in the way in which the Solicitors Regulation Authority (SRA) regulates firms of solicitors within the legal profession. From 2012, firms of all sizes must appoint a Compliance Officer for Finance and Administration (COFA) who will have special responsibilities for ensuring compliance with the SRA Accounts Rules (formerly the Solicitors Accounts Rules 1998) and for reporting directly to the SRA any breaches of the SRA Accounts Rules which take place.
What to expect
Topics to be Covered
- Who should be appointed as COFA?
- Timescale for appointment
- An overview of the role
- The COFA's obligations under the SRA Handbook
- What needs to be reported to the SRA?
- The method of reporting breaches to the SRA
The New Approach to Regulation by the SRA
- Outcomes focused regulation
- Supervision under OFR
SRA Accounts Rules
- An overview of the rules
- Common problem areas
- High risk areas
- Warning signs
Accounting Systems & Controls
- Best practice guidance
- A risk based approach
- Recording breaches
- A chance to ask questions and seek advice on specific issues
The Law Society is running a series of free Money Laundering Reporting Officer (MLRO) regional networking groups, in association with 192business and Accuity.
The groups are for MLROs in law practices, their deputies and senior compliance staff. They are designed to facilitate discussions between local law practices about the challenges of anti-money laundering AML compliance and to enable the sharing of good practice.
The events are free and qualify for 2 hours CPD. Please note that numbers are limited to two people per firm.
LSN networking events have no set agenda. They exist to help you share information with people like you in law firms.
We recognise that whatever role you fill in a law firm, you all face similar challenges on a day to day basis within your firms, particularly now as we stare the LSA reforms and ABSs in the eye.
LSN Networking Events provide a unique opportunity for you to gather under one roof and share these experiences with others and, as a result, find opportunities to build solutions on this common ground - in an informal and social environment.
What to expect
Our networking events are FREE to attend if you work in a law firm or solicitors practice. If you fall outside this circle, call us on 0870 112 5058.
The format is very informal and starts at 6pm when refreshments will be made available to delegates.
We help you to get the most from our events in a variety of ways:
Networking Assistance Scheme
Before the event we ask registered attendees to send us their Networking Assistance Scheme questions. This means you can suggest topics of interest that you would like to discuss, then we will circulate these subjects among those attending prior to the event and try to find you a 'match' who can answer your question.
Tell us prior to the event who you'd like to meet and we will aim to make an introduction on the evening.
Who will benefit
You can expect to meet any of the following professionals on the day:
- CFOs/Directors of Finance
- Financial Controllers/Managers
- Credit/Revenue Managers
- Accountants & Analysts
- Finance/Accounts Managers
- Revenue Controllers
- Legal Cashiers
- IT Directors
- IT Managers
- Finance Systems Managers
- Network Managers
- IT Technicians
- Project Managers
- HR/Personnel Directors
- HR Managers
- HR Advisors
- Recruitment Managers
- Marketing/BD Directors
- Marketing/BD Managers
- Client Relationship Managers
- Marketing Execs
- KM Directors
- KM Managers
- Library and Information Services Managers
- Professional Support Lawyers
Risk Management and Compliance
- Risk Directors
- Risk Managers
- Quality Managers
- Compliance Directors
- Compliance Managers
- Practice Directors
- Partnership Secretarys
- Heads of Facilities
- Office Managers
- Law Costs Draftsmen
- Legal Costs Managers
…and many others besides. There are no restrictions on attendance from people who work in law firms - we welcome anyone and everyone but you must be employed by a law firm.
If you've never been to an LSN networking event before and would like to know more about the lunch before registering, feel free to give Sarah a call on 0870 112 5058 or email her at email@example.com - she'll be happy to help.
Don't work in a law firm but would like to attend?
We often receive enquiries from vendors, suppliers and professional service providers who would be interested in attending. It should be noted that our networking events are provided purely for the purpose of professional networking and not designed to offer a platform for selling products or services. Please contact David or Sarah for more information on 0870 112 5058
Is your company at risk? The responsibility for assessing and mitigating risks, whether financial or operational, lies with you.
We’re holding a series of 6 nationwide events between November and January in association with renowned Quality Management Consultant, Adèle Warchester.
These sessions will provide practical advice on how to safely and efficiently run your practice.