Daniella Lipszyc advocates becoming involved in the lucrative PPI sector
Tick—another box is crossed off and one more hour of continuing professional development (CPD) is racked up. In the UK, all solicitors who work more than 32 hours per week are required to undertake a minimum of 16 hours of CPD per year. As part of this requirement, at least 25% must consist of participation on accredited training courses. As such, many solicitors view it as a necessary evil—just one more thing that needs to be ticked off the list each year.
In reality, CPD can mean far more than just a means to an end. As many conventional revenue streams dry up, it's increasingly important for professionals to be aware of alternative, and potential lucrative, sectors. It's time to throw away the “tick box” mentality and start to sift through the array of CPD training courses in a more strategic approach—25% participation could result in business development and ultimately survival.
One area that
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