‘Regulation Conference: What Every Practitioner Needs to Know’
 
*CPD Hours: 5 Regulatory by Group Study*

Delegates will also receive access to the following two webinars:

'Solicitors Accounts Regulation' (Webinar, 1 Regulatory CPD hour)

'Anti Money Laundering' (Webinar, 1 Regulatory CPD Hour)


Please note access to the above webinars will be granted once the seminar has taken place.


*Any surplus Regulatory Hours may now be counted towards the Management and Professional Development Skills category*

The CPD Regulations require that every solicitor who is a sole practitioner or a compliance partner and / or anti- money laundering compliance partner now has a CPD requirement which includes a minimum of three hours regulatory matters at least two of which shall be accounting and anti-money laundering compliance matters.
We have therefore provided delegates with 2 online hours in Solicitors Accounts Regulations and Anti Money Laundering, as well as attending the seminar.



This Central Law Training seminar will cover the following:
 
Avoiding Professional Negligence: Tips and Traps
  • What is a Professional?
  • Established legal principles and more recent case law on liability and quantum.
  • What is the applicable standard of care?  How is it ascertained?  Role of Independent Expert
  • Undertakings: practice and pitfalls.
  • Statutory Limitation and other delays; third Party Proceedings.
  • Handovers and stale files.
  • Non-communicating clients.
  • Non-paying clients.
  • Conflict of Interest.
  • Acting for Claimant.
  • Acting for Insurer of Defendant Professional.
  • “Standard Practice”.
  • Claims Prevention Tips:  Engagement and disengagement letters. Client Communication; Record Keeping; Quality Control;
  • Claim trends, hot spots.
  • Practice tips to include acting for Plaintiffs and Defendants.
 
Costs and section 150 of the Legal Services Regulation Act, 2015 (LSRA)

Section 150 of the LSRA is expected to come into operation at the end of this year. It significantly increases the responsibility of solicitors to keep their clients updated with accurate information in relation to costs. The legislation goes much further than the previous section 68 and has far- reaching implications for practitioners.
This section of the seminar will provide practitioners with a practical guide to the provisions of the legislation and is designed to alert you to the problems and pitfalls likely to be encountered in this context.

The matters to be addressed include the following:
 
 Introduction:
  • The extent of the obligation under section 150 and consequences of non-compliance.
  • What happens when a solicitor becomes aware of a factor that is likely to make the legal costs incurred significantly greater than those disclosed in the original section 150 notice?
  • Cases Across Practice Areas: Must additional section 150 notices be issued?
  • What are the prescribed headings under which costs information must be furnished?
  • Is a solicitor who provides a client with details of the basis of calculation of the legal costs still under an obligation to disclose the costs which will be incurred?
Period of Suspension of Services after a Section 150 Notice has been Issued to the Client:
  • Does the suspension period just apply to the original section 150 notice or does it also apply to any subsequent section 150 notice?
  • When is a practitioner obliged to provide legal services without a suspension period?
  • Responding to client queries in relation to a section 150 notice.
Extra Responsibilities for Practitioners in relation to Section 150 Notices for Matters Involving Litigation:
  • Must the practitioner provide an outline of the work to be done in respect of each stage of the litigation process and the costs or likely costs or basis of costs involved in each such stage?
  • Solicitors’ obligation to ascertain the likely costs or basis of cost of engaging a practising barrister or expert witness.
  • Is there an obligation to provide this information to the client and obtain the client’s approval to engage an expert and/or Counsel?  Does this include obtaining a section 150 notice from an expert and/or Counsel? 
  • Must the solicitor also provide information in relation to the likely legal and financial consequences of the client’s withdrawal from the litigation and its discontinuance?
  • Should the section 150 notice outline the circumstances in which the client would be likely to be required to pay the costs of one or more parties to the action?
  • Must the notice also provide information as to the circumstances in which it would be likely that the costs of the solicitor would not be fully recovered from the other parties to the litigation?
Other Relevant Matters:
  • Additional responsibilities in relation to section 150 for matters involving instructing a practising barrister.
  • Draft precedent section 150 letters.
Professional Indemnity Insurance for Solicitors
This presentation will help you to understand:
  • The regulatory framework for Professional Indemnity Insurance.
  • The key features of solicitor’s Professional Indemnity Insurance.
  • The cover available when ceasing practice.
  • Succeeding Practice rules and Phoenix Firms.
  • The interaction between the Client Account and Professional Indemnity Insurance.
  • How to limit liability to the level of the firm’s cover.
  • The requirement to provide PII information to the public and clients.