Are your risk assessments meeting regulatory expectations - and delivering real value to your firm?

In this on-demand session, former SRA Director and AML expert Colette Best joins Legl’s Principal Product Manager Beth Colquhoun to explore what effective, modern risk assessments look like today. Drawing on insights from law firms and regulatory developments, including the SRA’s 2023 thematic review, they unpack why risk assessments are under increasing scrutiny and how firms can turn them into a competitive compliance advantage.

You’ll learn:

- Why the SRA is prioritising enforcement in this area and what it means for your firm

- What “good” looks like in client and matter risk assessments, from both a regulatory and operational perspective

- How to avoid common pitfalls, from documentation gaps to misaligned risk ratings

- The value of risk assessments as a business-critical process, not just a compliance checkbox

- How technology can support better risk visibility, auditability and consistency, while freeing up time and resources

Whether you’re a compliance lead, MLRO, practice manager or fee earner, this session will help you rethink your approach to risk and get ahead of regulatory demands.

‍

🎯 Originally recorded live with 150+ attendees

📊 Includes real audience poll results and expert Q&A