Continuing professional development

Revision as of 12:00, 18 October 2019 by Amwelladmin (talk | contribs)

The case, par excellence of the box-ticking culture than modern risk management has become.

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
“And that’s not all. Another thing that will, like, totally blow your mind about Phase 3 regulatory margin is that the threshh...”
Index — Click the ᐅ to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Once upon a time, somewhere, someone in a self-regulating professional trade body for attorneys confected a worry that the daily practice of one’s professional calling might not be enough to keep that member’s edge suitably whetted. The suffocating drudgery that is your average attorney’s daily existence would, without intervention, render her stale, out-of-touch or dangerously unlearned in the ways of her calling.

A counter-intuitive thought, to be sure, but there you have it.

So was born “continuing professional development”: a stipulation whereby lawyers of any rank must periodically re-educate themselves. It has caught on: professional bodies entreaty teachers, soldiers, healthcare professionals, accountants, architects and engineers to similar exercises.

To be sure, keeping up with your CPDs is not that hard— a dozen or so hours, spread over a year, is all you need — though across the profession that is no small crimp on aggregate productivity.

Still, law firms beheld a great marketing opportunity: a jaunty breakfast seminar for their clients, followed by a chance to network over a dried-out bagel. Simmons & Simmons took it a step further, organizing a whole day of crushing tedium wherein their clients could see off half their yearly quota in one biscuit-saturated setting.

Look: free bacon sandwiches are great. That is all most jobbing solicitors need to show up. If the room is large and dark enough there is scope for a few winks. (Freshfields’ fabulously murky auditorium off Fleet Street offers primo snooze opportunities at the back). In brighter forums, it is a chance to catch up on Twitter, LinkedIn or follow the cricket.

But whether a CPD hour is well-spent—who can say? Is it vocational? Is it relevant? Is the content even accurate? Can one know whether, having signed in, young sir or ma’am spent any part of the next hour in the room, let alone conscious or paying attention? (The Americans had a crack at this by interposing a random number, to be read out at an unexpected moment, which candidates had to quote in their attestation to prove their attention. But even then only one brave attorney, for the greater good of the whole, needs so sit through the ordeal, and even she wouldn’t learn anything, her attention being devoted to listening out for the number.)

Now, let’s pretend for a moment you do show up, you do pay attention, and the talk is topical talk for your own area of practice.

Will it be the thing that staves off a claim sounding in professional negligence? No-one who has spent an hour before a wizened solicitor mumbling his way through a dense PowerPoint deck about the minutiae of transaction reporting under MiFID 2 would bet on it.

But hurry along — the bran muffins are going fast.

See also