HiveRisk

How to Rip Off the Business: A Masterclass in Fraud Threats and Vulnerabilities in Law Firms Forget dry academic examples of fraud, hear real war stories from our experts to make your toes curl. Forewarned is forearmed when protecting your business from internal and external frauds. They bring this area to life with real and hypothetical examples of threats and vulnerabilities facing law firms that may fall between the cracks of many law firm’s AML, Financial Crime and Anti Bribery controls. Here's the full on demand video to view at your leisure.

And the bar has been set… 😎💙 Professional Training 👏

An incredibly strong start to Professional Training conference to a packed and esteemed room of delegates. Fascinating key note from Chris Brindley MBE. Huge congratulations and proud to support the event Nadine Stanton. HiveRisk

“Legal sector suppliers are not baying wolves that need to be kept apart to protect law firm delegates. 🐺 ⛔️” Something I remarked to a collaborative partner on a Team’s call this morning. I’m passionate about the value key legal sector suppliers add to the law firm ecosystem. At HiveRisk we’re discerning about the strategic partners we work with and trust them with our most valued clients and contacts. In our experience legal suppliers have so much in-depth sector knowledge and know-how to share with law firms and are valuable people to know For this reason we do not bar non sponsor legal sector delegates from the events we support. If you’re a legal sector supplier and don’t have the budget for full sponsorship, get in touch to find out how you can attend The Lawyers Retreat or The Great Big Legal Offsite (GBLO) as a super delegate. 📸 Photographic evidence of 2 law firm delegates not being harassed or threatened by 2 legal sector suppliers

If any of your future trainees failed the SQE1 last week, here’s some reasons to support them: ➡️ The exam is HARD. 360MCQs across 10 hours over 2 days. This is not the LPC. The SRA allows three attempts for a reason. ➡️ There are still a number of glitches with various aspects of the process meaning that many students aren’t being taught the proper content for the exams, provided the correct conditions for taking the exams or afforded equal opportunity of passing. It’s still a new system, give the students the benefit of the doubt. ➡️ The SQE was designed to be taken instead of a training contract, not as well as one. If you are asking candidates to do both, you are testing their competence twice. You can afford to give them some leeway. ➡️ An MCQ exam ≠ life in legal practice. You have chosen your candidates based on their competence over a range of factors. Contextualise the importance of passing this exam first time accordingly. ➡️ You are decent, empathetic human beings and you want the same for your next generation of workforce. Humility breeds loyalty and the more you support your candidates, the more they will support you back. I could continue, but I think that’s more than enough to go on.

Happy Monday all 👋 * * * * Welcome to the #AMLSuperstar series! Each day this week, I’m spotlighting key influencers and experts in the Anti Money Laundering industry who have been instrumental in my transition into the wonderful world of AML. * * * * Today’s AML Superstar: Kate Burt A true powerhouse in the industry. Founder of HiveRisk Risk, Kate’s a regular speaker on the AML circuit, not just a thought leader, Kate’s a game-changer. So cool that she’s even bringing an AML conference to Ibiza! 🏖️ 🌴Check out The Lawyers Retreat. Fun fact: As a teenager Kate sold programmes at Preston’s stadium🏟️ and now her company HiveRisk Risk are sponsors there. She’s also the only person who could convince me to travel up north to watch Preston v Burnley, a match that ended 0-0! ⚽ * * * * Each #AMLsuperstar featured this week is a key partner of First AML and I'm sharing my gratitude for their support 🙌 * * * * Here’s to a great rest of the week 🙏

☀️🍒🌴

Build a team that makes you redundant….. The working week in the UK is completed (I’m juggling a five hour time difference currently) and I’ve not heard from my team once while I’ve been away. Build a team of individuals that support each other and are confident enough in their abilities that they don’t need you when you’re away. Working whilst on holiday isn’t a badge of honour, it means you don’t have the right team in place. The client service delivery team at HiveRisk have smashed it this week. See you all on Monday 😎

Okay, now we can drop from 5th to 4th gear for a moment... ...because the latest agenda for The Lawyers Retreat is now live! Kate and I are so passionate about this, carefully considering every detail. All I can say, is be there or have FOMO. Download the latest delegate brochure via the link in the comments.

Published this morning is a Law Society Gazette piece in which I argue the Legal Services Board (LSB) plays such a significant causation part in the regulatory challenge for law firms, solicitors and the other legal professions that it is time to scrap it. The public deserve better than the underwhelming LSB. The public and the profession deserve better than the LSB can offer in terms of oversight into the frontline regulators. Zero benefit, increasing costs and nothing meaningful to meet the statutory requirements of Section 1 (1) of the Legal Services Act 2007 states: "In this Act a reference to “the regulatory objectives” is a reference to the objectives of— (a) protecting and promoting the public interest; …. (c) improving access to justice; (d) protecting and promoting the interests of consumers; …. (h) promoting and maintaining adherence to the professional principles;" My open challenge to the Justice Committee of the House of Commons is to invite the regulators and the professions representative bodies to address the LSB's failings. The LSB has never put forward meaningful and impactful evidence of the LSB achieving something - anything - for the public interest or the interests of the professions. The LSB publishes reports in gobbledygook, the consistent theme? The reports are always vacuous. I am a long term critic of the LSB, as wasting the professions money for no public interest has always seen to me to be a folly. The LSB is though getting worse, spending more and is less effective now than ever before because it failed to see the risks of the changes it was promoting and encouraging over the last decade so it is in full deflection mode and passing the buck to frontline regulators. An approach which rather begs the question: Where is the value to the public interest or professions in your work? Andy Slaughter MP who Chairs the Justice Committee I hope see the piece as it is time for a review by his Committee (this is a non-political point and should not be a party political point between our parliamentary representatives). #law #legalregulation #lsb #legalservicesboard The Law Society #letsgetbetter #betterregulation PDF link for now, the website should update later or early next week.