As law firms face an ever-increasing barrage of regulations regarding issues such as data protection and money laundering, there is a growing trend for them to appoint dedicated risk managers. More will follow, say Charles Elderton and John Verry
How times have changed. As recently as five years ago, regulation, compliance and insurance issues were matters that solicitors would have advised clients on, but had scant regard for in the day-to-day running of their own firms.
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