In this article, we seek to provide firms with an insight into how they can manage or adopt their file review/auditing strategy. Additionally, how firms can effectively direct resource and, importantly, review what is important with a significant diversion of supervisors’ time and meets the requirements of the regulator and Insurers.
In the latest issue of “The Compliance Partner” our compliance and regulation newsletter, we look at some of the most recent events regarding risk, regulation and compliance affecting the legal industry.
For a number of law firms, the current renewal season is or has been a testing time, with less than a month to go, many firms are still waiting to secure terms that are acceptable or are accepting increases in premiums that were not planned for.