The Innovation Cup encourages innovation and is an annual competition amongst Scottish solicitors, trainees, cash-room staff, paralegals and students inviting their bright ideas for risk management strategies. The ‘brightest’ risk management idea is shared across private practices and rewarded with a £1,500 cash prize.
The competition launched in 2018 in association with our Master Policy lead insurers RSA and brokers, Lockton. The initiative acknowledges the risks and responsibilities shouldered by private legal practices on behalf of their clients and aims to inspire new risk management solutions from within the profession.
The competition is open to all Scottish solicitors with a practising certificate, trainees, cash-room staff working in or for private practice law firms, accredited paralegals and student associates. There is a cash prize of £1,500 for the winning entry provided by RSA and a commitment to help implement the idea.
Entries are judged by two members of the Law Society Insurance Committee, three representatives from RSA and one representative from Lockton.
Competition entries for 2019 are now closed. Look out for details of how to enter in April 2020.