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15 November 2007 / Simon Young
Issue: 7297 / Categories: Features , Risk management
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Risk management focus

SOLICITORS CODE OF CONDUCT 2007 >>
MINIMUM INTERRUPTION TO CLIENT BUSINESS >>
ABSENCES WITHIN FIRMS >>

 What’s all this about having to make a plan under the new rules for what happens to the firm in the event of a disaster? How on earth do I know what might happen?

You’re quite right, there is a provision in the Solicitors Code of Conduct 2007 which is relevant. You can find it in rule 5.01(1)(k). You’ll remember that rule 5.01 generally makes it a collective responsibility of all partners to ensure there are effective processes for various things.

Well, for this one, the idea is simple enough: it just says you have to make arrangements for the continuation of the practice of the firm in the event of absences and emergencies, with the minimum interruption to clients’ business.

Well, of course I want to protect the partners, but why should this be a matter for the regulators?

You’re missing the point. This isn’t a rule for your benefit; it’s for the benefit of the client.

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MOVERS & SHAKERS

Anthony Collins—William Hallett & Lorna Scully

Anthony Collins—William Hallett & Lorna Scully

Anthony Collins hires two talented legal directors

Switalskis—five appointments

Switalskis—five appointments

Firm expands national abuse compensation team

Mathys & Squire—nine promotions

Mathys & Squire—nine promotions

IP firm announces new partners and senior promotions across UK offices

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Executors may be overlooking billions of pounds in estate assets hidden in forgotten investments and misplaced share certificates
Britain’s booming non-surgical cosmetics market is operating in what some critics describe as a regulatory ‘Wild West’
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