Innovation Cup invites bright ideas for risk management

The Law Society of Scotland’s Innovation Cup encourages innovation amongst Scottish solicitors, trainees, cash-room staff, paralegals and students inviting their bright ideas for risk management strategies. The best risk management idea will be shared across private practices and rewarded with a £1,500 cash prize.

David Cullen, the Law Society of Scotland’s registrar, said: “Scottish solicitors see their private clients through some of the most important times of their lives. From buying a home, to defending a criminal accusation or dissolving a marriage, the risks, whether financial, emotional or reputational, are considerable.

“This competition is designed to inspire Scottish solicitors, trainees, cash-room staff, paralegals and students, to share innovative techniques for risk management, RSA will reward them for their efforts and the profession will benefit from improved ways of working.”

Competition entries are invited with ideas to improve systems, processes or controls within private practice firms and can range from a simple tweak to an existing process all the way up to something completely new.

The competition is open to all Scottish solicitors with a practising certificate, trainees, cash-room staff working in or for private practice law firms, accredited paralegals and student associates.

There will be a cash prize of £1,500 for the winning entry provided by RSA and a commitment to help implement the idea.

Entries will be judged by two members of the Law Society Insurance Committee, three representatives from RSA and one representative from Lockton. The winner will be announced by 29 June 2018.

How to enter

Please complete the entry form and return it by email to DavidCullen@lawscot.org.uk, by midnight on 31 May 2018.

Please provide details of the risk(s) your idea is designed to address.

If you have any views on how you would like to see your idea being implemented please also include this in your entry.

Entries should be between 500 and 2000 words and can include graphs, pictures or slides, if appropriate.