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SRA issues Risk Outlook 2020/2021
23 November 2020
The SRA has issued its Risk Outlook for 2020/21. The Outlook sets out the regulator’s view on the key risks and challenges currently facing the profession with a view to helping solicitors take steps to protect both their firms and their clients.

SRA Chief Executive Paul Philip said: “I know that the Outlook is a valuable resource – it is certainly one of the most visited pages of our website. Of course, this year we are publishing against the backdrop of Covid-19, which has brought so many challenges for the legal sector and the wider community. Importantly, the pandemic has exacerbated some of the wider, day-to-day risks that already existed. We saw this happen very quickly, for example, when the number of cybercrime reports recorded by the National Crime Agency rose 400 percent in the first weeks of lockdown as criminals tried to take advantage of those – including law firms – working from home.”

As well as looking at cybersecurity, this year’s Risk Outlook has information on Brexit and its implications, reminding solicitors of their obligations to keep client money safe and to prevent money laundering.

To view the Risk Outlook, visit SRA | Risk Outlook 2020/2021 | Solicitors Regulation Authority

 

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