rblog

Outlook makes a media splash

By Laura Holloway on 16 September 2014

We've been tracking media coverage of the Risk Outlook 2014/15 since its publication on 1 July. We've received wide-ranging, positive coverage, which has highlighted how the Outlook can help law firms manage risk.

As a regulator, it's an important part of our role to ensure that the profession understand the standards expected of them, and how to uphold them. That's why we're really pleased that there have been 34 separate articles so far, adding to the 136 media reports on the previous Risk Outlook and updates.

Whistle-stop tour

Some coverage has focused on the Outlook 2014/15 as a whole, alerting lawyers to its value as a risk management tool, such as Jonathan Bray Legal Services' 'whistle stop tour', giving a summary of each risk. Others, such as Legal Futures, have focused on which risks have moved up our list of priorities this year, namely bogus practices and money laundering.

From bogus firms to lack of independence

We have also seen media reporting of messages about specific risks to interested audiences. Property law website Friday's Move referenced our analysis of bogus firms in a report on bogus conveyancing firms. Our advice on bogus firms has been particularly well received in light of the media focus on Wonga's misleading debt collection practices. On a different note, legal academic Richard Moorhead discussed what the regulatory focus on "lack of independence" could mean for firms working for city and corporate clients.

Twitter discussion

Aside from media articles, people are raising awareness of the Outlook on Twitter. We've seen 60 different tweets about the Outlook, plus many more retweets.

I've also had some good discussions about the Outlook with contacts on LinkedIn.

It's great to see such diverse, positive coverage of the Outlook, particularly when it provokes discussion about risk priorities and risk management.

Have your say

We'll be publishing topic papers and articles on key risks throughout the year. Please take our poll (near the top of this page) and tell us which of the current priority risks, featured in the Risk Outlook, you would like to see covered in more detail in the future.

Laura Holloway is a Risk Analyst at the Solicitors Regulation Authority.