Risk


Risk in the Legal Profession

This is the final report of research commissioned by the Solicitors Regulation Authority (SRA) and carried out by BMG Research, to better understand the high-risk market developments that law firms identify and how they mitigate these, where relevant.

Risk Outlook report: The use of artificial intelligence in the legal market

Read our Risk Outlook report, it outlines current and potential future developments, and what firms may need to think about to help them assess if and how they might be affected.

Risk Outlook: managing regulatory risk during economic uncertainty

Law firms of all sizes are currently managing regulatory risk in a period of economic uncertainty and this report helps identify and manage those areas of risk.

Risk Outlook report: cryptocurrencies

Report focusing on distributed ledger technologies (DLTs) such as blockchain-based cryptocurrencies and their implications for legal services providers.

Risk Outlook report: information security and cybercrime in a new normal

The move to remote and hybrid working has driven successful innovation from firms. It also means they are more dependent on IT, so IT security is ever more important. This report gives a broad picture of information security and cybercrime threats.

Risk Outlook paper: Innovation in a competitive landscape

Risk is two sided. There are many threats in the market that firms need to be aware of, and which we advise firms of through our guidance and publications such as the Risk Outlook. But risk also covers opportunities. Missing them can be just as much of a threat as many of the hazards we warn about. This report covers what can be done by firms to seize some of those opportunities.

Risk Outlook 2021/2022

This report looks at what defines the 'new normal: the shape of the legal market as it emerges from Covid-19. We give our view of the key changes, and the threats, opportunities and uncertainties that come from them.

Risk Outlook 2020/2021

Welcome to our new Risk Outlook for 2020/21. The Outlook sets out our view on the key risks and challenges currently facing the profession, helping you to take steps to protect both your firm and your clients.

Risk Outlook 2019/2020

Our annual Risk Outlook sets out what we think are the risks and the challenges faced by solicitors and law firms.

Maintaining standards of service and reducing complaints - Risk publication

The standard of legal services and the actions of solicitors and firms has an impact on public confidence in the rule of law and the overall effectiveness of the operation of the legal system.