Director of Best Practice Gary Yantin hosted the first continuing competence user group this week. Over 19 firms convened on a conference call to discuss how firms are implementing continuing competence, and to share best practice.
Early Takeaway – Education is Key
The firms on the call agreed that it is still early days for continuing competence and many solicitors haven’t even begun their 2016-2017 learning plan. However the firms stressed that educating solicitors over the next month on the new requirements is a key first step. There have been some creative education initiatives at firms, including ‘chair drops’ of learning material on every chair, small workshops and video tutorials.
Some of the other best practice recommendations that were shared were:
- Incentivise learning and development by tying it to remuneration
- Modify performance appraisals to include continuing competence
- When enrolling a solicitor in a course or suggesting training – also suggest some SRA competencies that are related to that training
November 2016 marks the beginning of the SRA’s new approach to continuing competence. Solicitors in England and Wales are no longer required to track 16 hours of continued education. Rather, they are required to reflect on their practice and identify personal learning and development needs.
These regulatory changes require a shift in the way learning is recorded in your learning management system. VinciWorks has recently updated its Compliance Learning Management System to accommodate these changes.
From recording diverse learning methods to producing completion certificates, the VinciWorks system makes adapting to the changes to CPD simple and straightforward. The changes are only relevant to law firms operating in England and Wales, and do not affect historical data in the system.
VinciWorks Releases a New Course on Fraud and Market Abuse
This 20 minute course explores two of the most common forms of financial crime: fraud and market abuse. The course will expand on terms related to fraud and market abuse such as “inside information”, “insiders”, “insider lists” and “insider trading”. Enrolling your staff on this course will provide them with an understanding of the different factors affecting fraud and market abuse. It will also help them identify red flags in the company or industry. Continue reading
Under the SRA’s New Approach to Continuing Competence, solicitors are required to reflect on the SRA’s Competence Statement, identify knowledge gaps and undertake learning to bridge those gaps.
All of VinciWorks’ courses correspond to competencies in the Competence Statement and can be used to bridge learning gaps. The guide below is a complete mapping of our courses with the Competence Statement.
Download the guide
The 2015 UK Modern Slavery Act Hits Big Brands
It has now been just over a year since the 2015 UK Modern Slavery Act came into effect. Large companies have been investigated, with some business owners seeing the inside of a prison cell. The following examples show the importance of ensuring your company is not associated with modern slavery.
The Not-So-Free Range Eggs
In June 2016 Jaqueline Judge and Darrell Houghton were found guilty of exploiting 6 Lithuanian men and of breaching the Modern Slavery Act. The six men had been trafficked to the UK and required to catch chickens from farms around the country. They were usually not given time to eat proper meals and deprived of appropriate facilities to wash and rest, being required to urinate in bottles and defecate in plastic bags while traveling between jobs. Wages were often withheld, as well as having a salary well under the agricultural minimum wage.
These workers were also intimated by fighting dogs if they ever complained. They were abused by “supervisors” who were employed by the couple to watch over them. One of the workers said “[Our Lithuanian supervisor] Edikas sometimes punished one person and sometimes punished the whole house for one person’s mistake.”
Being a Free Range Eggs provider, the irony of this case is striking. Further, this company distributed eggs to large chains including McDonald’s, Tesco and Asda. For them to be found guilty Modern Slavery charges is a reminder of the importance of verifying a company’s supply chain. Knowing potential red flags to look out for and having an effective reporting procedure in place is now more vital than ever.
VinciWorks Data Protection Course Coming December 2016
Knowing how to protect your data and use it correctly has never been more important for businesses. Regulators are racking up fines in the millions. One big breach or one misplaced laptop can have an even bigger impact on reputation than ever before.
VinciWorks is launching a brand new data protection course, combining the latest in policy and law with best practice guidelines. We provide real-world scenarios and a customisable tool to design your own policy.
The course will be available in December 2016.
Does your organisation know exactly what is happening in its supply chain?
Produce a Slavery and Human Tracking Statement with Our Template
Under the 2015 UK Modern Slavery Act, all businesses with over £36m in annual turnover conducting business in the UK are required to publish a slavery and human trafficking statement. The statement should detail the steps that your organisation is undertaking to ensure that your global supply chain is slavery free. Continue reading
The SRA’s new approach to continuing competence comes into effect Nov 1.
According to our research, only 25% of firms have implemented the changes to CPD. If your firm has not begun the transition, you should expect a time-consuming and complex process.
Confused where to begin? Below are four practical steps you can take to prepare your firm for the changes to CPD.
1. Become Experts
VinciWorks has published an hour-long webinar for compliance officers and L&D staff. It takes a deep dive into the regulation, reviews SRA guidance and presents best-practice case studies. Watch the 1-hour webinar
2. Train your staff
VinciWorks has published an hour-long webinar for compliance officers and L&D staff. It takes a deep dive into the regulation, reviews SRA guidance and presents best-practice case studies. Preview 10-minute course
3. Record your learning
The Continuing Competence Module is the first compliance solution designed specifically for the SRA’s new approach to CPD. It guides solicitors through the reflective learning process and enables them to keep their learning record organised and up-to-date. Sign up for free
4. Monitor Compliance
The VinciWorks Compliance Learning Management System enables administrators to monitor and track compliance with continuing competence. The dashboard provides a holistic view of solicitors’ learning plans and progress. See Demo
5. Talk to us
VinciWorks has already helped tens of firms transition to the new regime. We are in close contact with the SRA and have developed a toolkit for adopting the new approach. To learn more about our consulting services call us at 0208 815 9308 or email us at firstname.lastname@example.org.