Latest news from Complex Risk

Discover useful insights and updates on regulatory changes, best practice and emerging risks – giving you practical takeaways to help strengthen governance and compliance in your organisation.

Insurers/funders
Onboarding a new law firm to your panel is one of the most business-critical decisions insurers can make. Get it right, and you have a reliable, profitable partner. Get it wrong, and you may have imported significant financial and reputational risk into your own business.

What does "good" look like in a pre-panel check?

Onboarding a new law firm to your panel is one of the most business-critical decisions insurers can make.

Law firms
A yearly compliance audit is like an annual physical. It's a useful snapshot of how you're doing on the day – but it might not reveal recurring issues

Beyond box-ticking: ongoing monitoring for compliance health

A yearly compliance audit is like an annual physical. It's a useful snapshot of how you're doing on the day – but it might not reveal recurring issues.

Insurers/funders
If you've had to settle a claim due to a compliance failure, you'll be well aware that it can be a costly business. But unfortunately, the headline cost of a claim, however punishing, only represents a portion of the total cost to your firm – and in many cases, it may only be the tip of a substantial iceberg. For every pound of direct, visible loss, there are multiple costs lurking below the surface – eroding profitability and damaging your business. These costs fall into three main categories.

How the hidden costs of poor compliance stack up

If you've had to settle a claim due to a compliance failure, you'll be well aware that it can be a costly business.

Law firms
Your law firm has just passed its annual audit. Your compliance manuals are pristine, your policies are comprehensive. But then two months later, a significant client claim lands on your desk – and you trace the cause back to a procedural error that resulted from incorrectly following a key process. How can this have happened so soon after a successful audit?

Bridging the compliance gap: from policy to practice

Your law firm has just passed its annual audit. Your compliance manuals are pristine, your policies are comprehensive.

Ready to move from guesswork to clarity?

Get in touch to find out how Complex Risk can give you a clearer view of risk and strengthen compliance and governance standards.