SOME COMPLIANCE THOUGHTS IN RESPONSE TO THE CORONAVIRUS
Dear friends and clients,
This has certainly been one of the more unusual working weeks that most of us can recall. Business as usual has become remote working for many of us, and for compliance professionals that creates unprecedented challenges when the theoretical position in the Business Continuity Plans becomes a reality.
So, what does compliance look like and what are the challenges? Here are some thoughts:
- What does proper governance look like when most of the firm’s legal services are provided off-site?
- How do we ensure that client inception and fraud management measures are not compromised?
- How are confidentiality and data protection duties managed?
- How do we manage the maintenance of ethical behaviours when our staff are dispersed?
- How do we find out about reportable issues and other breaches?
- What does effective supervision look like?
- How can we maintain competency standards?
- How do we look after our trainee solicitors and less experienced fee earners?
- How do we manage our own financial viability and protect client money?
- How should our risk registers be adapting?
At Oakalls, we are adapting how we deliver our services to respond to these challenges and we are pleased to announce that we will be shortly be in a position to offer department and subject specific guides to help you and your colleagues respond appropriately to compliance management both in the workplace and in response to remote working arrangements.
Please do register your interest in these guides by emailing firstname.lastname@example.org.
As always, if you have any other compliance queries, or you are interested in the other services that we can offer you and your firm, then please do visit our services page on our website or drop an email to either email@example.com or firstname.lastname@example.org
Stay safe and well.
Best wishes, Tracey
Tracey Calvert, Director
Oakalls Consultancy Limited
20 March 2020