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DTSTAMP:20260408T052202Z
DTSTART:20251103T211500Z
DTEND:20251103T223000Z
SUMMARY:Professional liability\, its practical aspects\, how to mitigate 
 it with the use of tech\, insurance coverage\, and the training of the l
 awyers 
DESCRIPTION:This session is intended for those in management\, and/or tho
 se handling claims against law firms and lawyers\, to consider:-\n\n1. P
 ractical aspects of managing risk – what are the sources of liability fo
 r solicitors and legal professionals (e.g. negligence\, breach of fiduci
 ary duty\, confidentiality breaches)\n\n- common causes of professional 
 negligence claims:-\n\no missed deadlines (e.g. limitation periods)\no p
 oor communication or advice\no errors in drafting\no failure to follow c
 lient instructions\no conflicts of interest and failure to clearly ident
 ify who the firm is acting for\n\n- impact of liability on the firm (rep
 utational\, financial\, regulatory)\n\n2. Mitigating risk through techno
 logy\n\n- document automation and error reduction\n\n- practice manageme
 nt systems for:-\n\no key date tracking\no time recording\no file audits
  and workflows\no client identification and conflict checks\n\n- use of 
 AI for due diligence\, contract review and client onboarding (KYC/AML)\n
 \n- cyber-security and data protection tools\n\n- risk of data breaches 
 as a liability issue\n\n- risk of over-reliance on technology – need for
  human oversight\n\n3. The role of insurance coverage – overview of prof
 essional indemnity insurance\n\n- what does it cover and what are the li
 mits/exclusions?\n\n- the importance of accurate proposal submissions\n\
 n- the claims process – what to do if something goes wrong\n\n- cyber-li
 ability insurance is a growing necessity\n\n4. Training and culture\n- b
 uilding a risk-aware culture within the firm\n\n- regular CPD and legal 
 updates for all staff\n\n- supervision structures\n\n- encouraging early
  reporting of potential issues and near-misses\n\n- the role of knowledg
 e management in reducing avoidable errors\n
LOCATION:Room 715 B\, Level 700\, MTCC
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