Barristers and Chambers
The face of regulation for barristers and chambers changed on the 6th January 2014 with the introduction of an updated code of conduct, which presents them with many challenges as to the way in which they should operate
The Riliance System
Since October 2011 and the introduction of the SRA code of conduct, Riliance has helped embed compliance systems in over 3,000 law firms.
With the new regulatory landscape, Riliance is uniquely positioned to deliver the required expertise in the creation, implementation and review of key risk management policies and procedures.
- Gap Analysis
- Risk Sessions
If you would like to know more about what we have to offer, please get in touch today and we'll be happy to advise you.
What challenges do Chambers face?
Regulatory: Chambers can no longer hide behind the ‘self-employed Bar’. From 2014 they are now under an obligation to ensure compliance with the BSB Code of Conduct.
Supervision: The new regulatory regime has led to a change in the relationship between the BSB and Chambers. The BSB is now actively supervising Chambers. If Chambers do not wish to be under the BSBs spotlight they need to demonstrate that they have good risk management practices.
Administration: Due to the disparate and unique nature of their businesses, Chambers often find it difficult to manage some of their key functions, including complaints and claim records. Although these may be received by Chambers in the first instance, an appointed Barrister resolves them. In these cases it is rare that any findings are communicated back to the Chambers.
Entity Regulation: If Chambers are considering adopting the new entity based approach, proposed by the BSB, they will become solely responsible for the administration and compliance management within the organisation. It will be incumbent upon them to adopt an approach similar to that of SRA regulated practices.
Public Access: The introduction and widening of Public Access brings challenges to Chambers, with a more active interaction with clients. Systems and processes will be needed to ensure that they meet their client care, AML and case management needs.