Risk in the time of covid-19 must be managed with care because regulatory requirements haven't changed, says Pete Riddleston

The move to remote working by most law firms during the pandemic has given rise to new operational challenges which demand strategic solutions.

While maintaining business as usual, we need a quantum shift in approach. This is certainly the case if we are to secure compliance with regulatory requirements and manage the high levels of risk we face, both now and in future.

Effective risk management stems from highly effective, firm-wide leadership and a common cultural perspective, where the emphasis is on continuous improvement. Firms must be aware of the key risk issues and target the root causes, with robust training and review processes.

From my vantage point, working with our LawNet member firms and the experts who de...

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