All solicitors who hold a practising certificate now need to do a minimum of one hour risk management CPD as part of the existing 20 hours of annual CPD.

The risk management CPD can be either personal study or verifiable CPD or a combination of both.

 

Risk management is a process of identifying, assessing and prioritising risks, which results in some form of action to control and manage those risks.

For solicitors in private practice we have identified the following areas as worthy of risk management CPD:

  • Anti-money laundering
  • Complaints handling and complaints avoidance
  • Contingency planning
  • Cybersecurity
  • Prioritisation, time management, workflow and processes
  • Terms of business

We recognise that an in-house solicitor’s role is often closely linked to managing risk for their employer, whether by proactively identifying possible risks or mitigating the impact of unavoidable risk factors. Given this broad remit, many in-house solicitors will already be doing CPD that relates to risk management as a matter of course.

In addition to some of the topics above, the following areas may also constitute appropriate risk management CPD:

  • Sector specific regulatory or compliance obligations
  • Health and safety standards
  • Protection of intellectual property rights
  • Privilege
  • Company secretarial matters
  • Professional ethics

If you are an in-house solicitor with any questions in connection with the risk management CPD requirement, please contact inhouse@lawscot.org.uk.

 

CPD training covering risk management

All of the training below fulfills your risk management CPD requirement.

AML and Financial Crime Conference 2022

With a mix of scenario-based sessions and examples of good and poor practice, we will discuss effective ways to identify, assess, manage and prevent the risks of money laundering and financial crime.

Conveyancing Conference 2022

Join us across two afternoons to hear from conveyancing experts and meet with peers and colleagues to explore the latest developments and discuss the core challenges in various areas of property law practice.