- Annual Report: The Law Society of Scotland Master Policy 2017.
Annual report encapsulating the facts, figures and statistics in relation to the Master Policy for Professional Indemnity Insurance in 2017
- How a bad workplace culture could expose law firms to PI claims
Some law firms might feel the need to reassess and adapt their management style, following evidence of high stress levels among junior staff and how it might lead to intentional wrongful conduct that affects clients. This issue was brought into focus in a judgment of the Solicitors Disciplinary Tribunal, which showed leniency towards a junior lawyer who had forged documents.
- New Data Protection Regulations - are you on track to be compliant?
The UK government has recently confirmed that Brexit will not impact on the implementation of the new data protection regulations (GDPR) that come into force next year. Lockton's specialist Information Security & Cyber team highlight actions to take in preparation for the new regulations
- Why law firms must focus on information security & cyber crime
The increasing profile of cyber breaches, computer systems failures, and information security lapses should give law firms food for thought. We look at the trends behind the statistics.
- FRAUD ALERT: New spate of Banking frauds targeting Scottish solicitors
We are aware of a number of firms reporting convincing telephone banking scams. Please ensure that all your staff are aware of this risk and how to avoid falling foul of it.
- A patch in time...
The NHS computer debacle serves to highlight the importance of not only be alert to suspicious emails, but also of keeping your computer software up-to-date
- Brexit Update from Lockton
Lockton's Brexit Committee report on the latest developments and analysis of the potential impact of Brexit on clients' insurances.
- Case Notes: Are Conveyancers at threat from Mishcon decision?
English firm, Mishcon de Reya, have been held strictly liable for breach of trust in a property sale fraud case this week. Pending an appeal, what should Scottish conveyancers be alert to?
- Lockton recognised for client service in independent Insurance survey
Lockton has achieved first ranking in an independent survey into client satisfaction amongst commercial insurance brokers
- Money Laundering - how to spot criminals targeting your business
With the legal profession identified as at 'high risk' for money laundering, it isn't a surprise that the government has recently issued the second National Risk Assessment of money laundering and terrorist financing (NRA). Our article explores the three key aspects of a lawyers practice which are at high risk.
- GDPR: 4 steps for managing data risk
With GDPR coming into force on 25 May 2018, are you clear on how to manage your firm's data risk? Our practical guide for managing data risks with consideration for GDPR walks you through the 4 steps your firm can take.
- Stricter enforcement of court deadlines increases claims risk
There is an increasing trend towards severe penalties being imposed for any failure to adhere to court timetables and deadlines. Mark Gray, Claims Director at Lockton spoke to Alan Calvert and Louise Kelso of Brodies about the risks for solicitors.
- Out of Office Risks
What does your Out of Office message say about you? The answer, according to some cyber security experts, is too much.
- Avoiding Invoice Hacking
Invoice hacking (where your legitimate invoice is replaced with another containing a fraudster's account details) has become a much more common fraud. We suggest top tips for what to do and what not to do.
- Residential Conveyancing Risks in focus
Residential Conveyancing continues to produce more claims than any other area of practice. We highlight the top risks, and suggest some simple risk management actions you can take to reduce your risk exposure.
- Implementing secure password systems - a guide for law firm managers
Training staff to choose and use passwords securely is one of the best defences against information security breaches, system compromises, and financial losses. However many organisations do not make it easier for staff to get right. Nor is the advice necessarily what you might think!
- Managing Conflicts of Interest
Conflicts of Interest can be difficult to spot, and can have major repercussions for the firm that falls foul of one. Our guidance will help you identify areas for improvement in your own Conflict Check procedures, and includes relevant case law and training materials for in-house use.
- Email security top tips
Cyber crime is a critical agenda item for law firms. With 84%+ of firms reportedly suffering a phishing attack in the last year, and email the most common source of information security breaches, there is no better time to refresh your awareness of good email practice.
- Learn to Identify Phishing- elearning module
More than 70% of information security breaches arise from use of email, and around 90% of cyber attacks come in the guise of scam emails. Regular refresher training is an essential part of keeping yourself cyber-secure.
- Assess your firm's Cyber & Information Security
Cyber Security and the security of your and your clients' information is top of mind after a summer of high profile cyber attacks and system breaches. Our cyber assessments will help you assess how well placed you are to meet the threat.
- The Impact of Phishing Webinar - watch online now
The NHS computer system failure is just the latest high profile system breach initiated by a phishing email. NCC Group present this follow-up webinar to the recent simulated phishing exercise conducted on behalf of Master Policy lead insurer, RSA, and Lockton.
- A guide to the new Money Laundering Regulations: Webinar
New Money Laundering Regulations come into force later this month. It is important that you understand the changes, and remain AML compliant. Our webinar provides an overview of what you need to be aware of.
- A Guide to Choosing Better Passwords: e-learning module
Passwords remain the primary defence against criminal infiltration of our computer systems and unauthorised access to money and confidential data. There is so much contradicting advice on what is meant by a secure password. Our clear guide cuts through the confusion to provide best practice practical advice.
- Terms of Engagement - webinar
Terms of Engagement are not just a regulatory requirement, but also a vital element in setting up your relationship with your client and reducing the risk of claims and complaints.
- Trainee CPD - Risk Management
Awareness of Risk is critical early on in your career to help you understand the rationale for the systems and procedures you have to follow in your firm. Our two webinars provide you with an overview of Professional Indemnity Insurance, and an introduction to the topic of Risk Management.
- Practice Management Course 2017 - Risk Management materials
The Law Society of Scotland's Practice Management Course is compulsory for all newly appointed Partners/Principals. As part of the course, Lockton has been asked to produce five webinars on risk management topics. These can be accessed here.
- Professional Indemnity Insurance & the Master Policy - an introduction
This webinar introduces the history and principles behind Professional Indemnity insurance (PII) and explains the different types of cover available. The webinar also provides an introduction to the Law Society of Scotland Master Policy - the PII arrangement for law firms in Scotland, explaining how the Master Policy works, and some of the most important covers and exclusions.