COLP & COFA: Identifying and reporting material breaches and patterns of non-compliance
June 5, 2013
Location
tba
tba
London,
United Kingdom
Description
With the Solicitors Regulation Authority (SRA) guidance on Outcomes Focused Regulation (OFR) stating that the nature of systems and controls will vary according to the size of your firm or form of practice; its complexity, the activity that it conducts and your client base, it makes sense for Managing Partner to prepare executive briefings at which COLPs & COFAs representing firms of similar size can come together to discuss the challenging and so far unresolved question of what constitutes a material breach relevant to firm size.
Even if you are sure of your criteria for determining a material breach, are you sure exactly when you should report it and when you should alert your Board and partners to its existence? Hear from Karen Mitchell of Speechly Bircham on dealing with breaches from the perspective of a law firm with mid-tier resources.
Beyond breaches that are deemed material in and of themselves, the SRA also expects you to monitor, record and report patterns of non-compliance. Hear from Jane Jarman of Nottingham Law School who will share her extensive work with the Risk Education Management Programme for the Law Society of Hong Kong.
Following its successful and popular series of COLP & COFA conferences, Managing Partner has prepared a timely breakfast briefing designed to give COLPs & COFAs in mid-tier firms the opportunity to get an update on the latest thinking on COLP & COFA reporting and to work through these issues together. It has been deliberately scheduled to take place a few weeks before insurance renewal applications open so you can make sure to report regulatory information in the correct manner and avoid any unexpected delays.
Organized by
Ark Group
6-14 Underwood Street
London, N1 7JQ
United Kingdom
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