Having recently moved out of formal lockdown restrictions, we start looking towards what the future holds as significant “normalcy” begins to return to our day to day lives. In this Summer Edition of Risk Management Matters we share with you insights on topics that impact the legal sector including supervision and the threat from serious organised crime.
We also explore new risks including climate change, and discuss the future landscape of the legal profession. We are delighted to include in this Edition an article kindly written for us by Jonathan Corman, Partner at Fenchurch Law, exploring the challenging topic of Silent Cyber.
One issue that has remained a constant during the pandemic is the hard market conditions which we continue to push against. We recognise that insurance forms both a major and necessary part of your risk and compliance investment. To that end, we have included an article on renewal entitled Solicitors’ Professional Indemnity (PI) market update which you can access below.
We very much hope you enjoy reading the content and as ever would welcome any comments or feedback that you may have.
01
Mark Perry and Jonathan Burt, Associate Directors for the PI legal services team, look at the uncertainties around the increased risks that insurers may face in the coming months and how the impact of the pandemic will colour the PI market.
02
Jonathan Corman of Fenchurch Law considers some recent developments in relation to the insurance implications of cyber crime and other cyber losses.
03
Climate change is recognised as a significant risk and will impact all business sectors and professions, both globally and domestically, and the legal profession is no exception. This article looks at what this could mean for the legal sector.
04
As we have recently seen the restrictions lift in the United Kingdom, many organisations would have considered their future working models as we emerge from the pandemic. This article will examine the latest guidance issued by the Law Society1 on what are good practices for supervision and support during a changing working environment.
05
The latest National Crime Agency’s National and Strategic Assessment of Serious and Organised Crime2 (the 2021 Assessment) identified that during the coronavirus pandemic (COVID-19) criminals have exploited advances in technology to drive serious and organised crime (SOC) in the United Kingdom (UK). This article will concentrate on the key online threats to organisations in the UK from SOC.
06
The world has experienced several driving forces which have dramatically changed the landscape culturally in the last few years. From shifts in cultural and societal behaviour, whether it be as a result of an increase in inequality highlighted by the Black Lives Matter and #MeToo movements or climate change protests spearheaded by Greta Thunberg to the rise of AI and consumerism, the world is ever-changing and adapting. This article will look at the themes which are predicted to dominate and affect the law, the legal profession and society during 2020 to 2030.
1 The Law Society. (2021). Supervision: good practice for remote supervision of junior staff and trainee solicitors. Retrieved from: https://www.lawsociety.org.uk/en/topics/hr-and-people-management/supervision-good-practice-for-remote-supervision-of-junior-staff-and-trainee-solicitors
2 National Crime Agency. (2021). National and Strategic Assessment of Serious and Organised Crime 2021. Retrieved from: https://www.nationalcrimeagency.gov.uk/who-we-are/publications/533-national-strategic-assessment-of-serious-and-organised-crime-2021/file
