Risk Management CPD
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.
What counts as risk management CPD?
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.