Essential Legal Updates 2017 - Day 1
Friday 8th December 2017

CPD Hours: 
3 Regulatory and 3 Management CPD Hours by Group Study
and 4 online CPD Hours (incl. 1 AML Regulatory CPD Hour) 

The General Data Protection Regulation: 

Be Aware and Prepare: The New Reality for your Practice: 

Anne-Marie Bohan, Partner, Technology and Innovation, Matheson

The General Data Protection Regulation (the “GDPR”) will come into full force and effect on 25 May 2018. It is unquestionably one of the most important pieces of EU legislation in the digital era. The changes introduced will have fundamental and far –reaching implications for solicitors’ practices. 
The period between now and 25 May 2018 is the de facto transition period, during which it is imperative that you assess your current approach to data protection, undertake a gap analysis between that current approach and the requirements under the GDPR, and implement any changes and improvements which are required to achieve demonstrable compliance with those GDPR requirements. 
The GDPR will introduce much tougher sanctions for breach, with maximum penalties for intentional or negligent breaches of up to EUR 20 million or 4% of an undertaking’s annual worldwide turnover. Accordingly, you will need to consider and understand the implications for your practice. 
This section of the seminar will analyse the principles of the GDPR and their practical application in your practice. It will provide practical guidance on avoiding potential problems and pitfalls. It will also provide you with a checklist of the issues to be considered and addressed to achieve compliance with the GDPR.



Topics covered will include:
  • A consideration of data privacy “by design and by default” and associated security standards
  • How processing can be legitimised, including limitations on the use of consent
  • What accountability means under the GDPR
  • Transparency requirements under the GDPR
  • The additional focus on processing arrangements and records, and additional requirements for processing contracts
  • Restrictions on transfers abroad
  • When privacy impact assessments are required and what that means
  • When a data protection officer will be required 
  • The new mandatory breach notification obligations: Is there an obligation to notify
    clients of the breach in “high risk” cases?
  • The extension and clarification of individual rights under the GDPR, including data portability and the “right to be forgotten”: Can clients now require your firm to erase personal data about them without undue delay? 
  • What problem is this likely to post for practitioners bearing in mind the requirement to retain such records as are necessary for the maintenance of files and your responsibilities to the Law Society, the Revenue Commissioners and your clients? 
  • The enforcement regime and the potential implications of breach of the GDPR
 
Leading people for Optimum Performance: 
Ashley Hughes, Assistant Professor of Management at the Michael Smurfit Graduate School of Business
  • Leading with authenticity
  • The power of the imperfect leader
  • Employee expectations in today's workplace
  • Pygmalion and the self-fulfilling prophesy
  • How not to be a toxic leader
Financial Management of a Solicitor’s Practice: 
David Rowe, Outsource
  • The components of profitability – How to make them work for your firm
  • Cash flow management: the lifeblood of a firm
  • Pricing: Typical market rates
  • Strategy for different sizes of firm
  • Ingredients in a successful and profitable law firm
  • The challenges for practices post Brexit
Solicitors Accounts Regulations 2014: What the Obligations Require: 
David Rowe, Outsource:
  • The essentials of the Solicitors Accounts Regulations
  • What the Law Society Investigating Accountants look for in routine Inspections
  • Areas where firms frequently fall short on compliance
  • Proposed new Regulations- looking forward
  • Practical tips to make sure that you are fully compliant