General Counsel and Heads of Risk attended VinciWorks’ first risk summit
On 12th September more than 30 senior counsel and heads of risk gathered to discuss the risk horizon at VinciWorks’ first risk summit in the Soho Hotel.
Delegates from international law firms, accountancy firms and corporates shared their insights into the issues that they hope will grab their board’s attention as they plan their risk management strategies. The event event was chaired by VinciWorks CEO Howard Finger.
Since the first modern slavery statements were published a year ago, we have gained perspective on what companies can do to fight slavery in the supply chain and the benefits of a robust anti-slavery programme. On Tuesday 26th September at 12:00pm, Richard Beale will be joining VinciWorks to discuss the practical aspects of modern slavery compliance and answer any questions you may have.
Meet the expert
Richard Beale is the Global Director of Supply Chain at Marshalls plc. and has over 20 years of experience managing global supply chain and procurement in the FMCG, retail, financial services, private equity and manufacturing sectors. At Marshalls, Richard is piloting a cutting-edge supplier education programme focusing on the elimination of modern slavery.
On 26th June 2017, the UK met the EU’s deadline and transposed the Fourth Money Laundering Directive into national legislation.
On Monday 2rd July over 200 law firms and organisations joined Director of Best Practice Gary Yantin and anti-money laundering expert Gary to discuss the implementation of The Fourth Directive and the new Anti-Money Laundering Regulations 2017.
The webinar covered some key questions surrounding the new regulations such as:
- What must firms do to comply with the Fourth Directive?
- How do the changes to pooled client accounts affect me and how likely are the changes to come into force?
- How do you carry out a risk assessment?
- Is there Law Society guidance on how to approach risk-based CDD?
- How will new legislation such as the Criminal Finances Act affect you?
General Data Protection Regulation (GDPR) comes into force in exactly one year. If you are unprepared, this regulation could have a drastic impact on your business and how you collect data. The regulation creates significantly more rights and protections for data subjects, and imposes heavy fines on businesses that fail to comply.
The changes you may have to make to comply with GDPR include:
- Assessing and justifying all of your data collection
- Revising your privacy, data protection and cyber security policies
- Designing systems for new data rights including the right to be forgotten and the right to data portability
- Appointing a Data Protection Officer and implementing a “privacy by design” process
The webinar guides you through the first steps you need to take to become compliant. It will help you understand how the changes under GDPR will affect your organisation and how you should begin planning.
On Wednesday 22nd March, around 100 firms joined Director of Best Practice Gary Yantin and SRA Policy Executive Richard Williams to discuss the first five months of the SRA’s new approach to Continuing Competence. The conversation focused on how firms have implemented the new approach and how the SRA will monitor compliance with it.
“Firms should be asking: what do I need to do to do the job well?”
Richard stressed the importance of focussing on the quality of learning, rather than the quantity. He reflected on the previous approach to CPD, whereby solicitors and law firms would often leave training to the last minute, without a focus on what they should be learning. The new approach should help change that culture and encourage individuals to identify their learning needs, rather than the amount of time they spend on training. Richard also said that “learning and development has a huge business benefit”, a factor that should encourage firms to implement the new approach.
Over 22 leading firms joined Director of Best Practice Gary Yantin and SRA Policy Executive Richard Williams for the second continuing competence user group. This candid conversation between the firms and the regulator focussed on how firms are implementing continuing competence since the changes to CPD in November, and to share best practice.
Many firms currently implementing changes to CPD
Richard spoke about how many firms are still in the process of implementing continued competence. He voiced the importance that the SRA places on the new approach and advised that there will be an annual declaration as part of a renewal exercise to make sure firms are meeting regulatory obligations. Richard also made clear that the SRA will not be carrying out spot checks on firms, but will use the annual declaration in conjunction with other regulatory data to explore concerns that they may have with the competence or standard of service provided by a solicitor or firm.
VinciWorks is hitting the road to deliver practical, face-to-face seminars on the SRA’s new approach to continuing competence. Attendees will learn how to identify learning needs, build a learning and development plan and consider methods for recording and demonstrating that they have fulfilled the SRA’s requirements.
- May 9: Birmingham
- May 10: Manchester
- May 31: Bristol
- June 1: London
- Time – 10:00am – 1:00pm
- CPD – 3 hours 🙂
- Cost – £90 (early bird £75)
- Presenter – Gary Yantin, Director of Best Practice, VinciWorks
Who should attend?
- HR professionals
- COLPs and COFAs
- L&D teams
- Practice managers
- Solicitors that wish to understand how to comply with the new regulations
About the presenter
Gary Yantin is Director of Best Practice at VinciWorks — a leading provider of online compliance courses and risk management software. VinciWorks courses are used by over 20% of all solicitors and are considered to be the gold standard for compliance. Gary is a leading expert on the SRA’s changes to CPD and has helped VinciWorks develop the first software tool for compliance with the new approach to continuing competence. To learn more visit www.vinciworks.com/competence.