Regulation and compliance
MTG partner Richard Turnor was quoted in the FT in an article about the legal advisors in the BHS sale and the compliance and regulatory processes law firms have in place when vetting clients.
“Richard Turnor, a partner at Maurice Turnor Gardner who specialises in advising professional practices, said Mr Chappell’s former bankruptcy should have raised red flags at the law firm, not least over his ability to pay his legal bills….Mr Turnor said typically lawyers check to ensure prospective clients are not trying to launder money, there are no conflicts of interest with regulation or other clients, and that the firm will not incur reputational risk.”
Related in brief posts
The Professional Practices Alliance hosted an extremely interesting webinar on neurodiversity in leadership on Wednesday 16 June. Corrine Staves shares her highlights.
The Association of Partnership Practitioners webinar on 12 May 2021 explored the role of NEDs in professional practices. The following is a summary of some key themes and ideas.
The Professional Practices Alliance panel comprising Claire Watkins, David Shufflebotham, Fernando Pelaez-Pier and Zulon Begum and chaired by Robert Millard. explored the transition from founder-led models to perpetual governance models.