The Miller’s 2026 Legal Risk & Compliance Conference brought together legal and risk professionals to explore how firms are navigating increasing complexity across M&A activity, regulation, technology and human behaviour.
Jack Hayman, Director in our Legal team, shares his key takeaways.
M&A and private equity
Law firm transactions continue to evolve, with risk teams often becoming involved too late in the process. Early-stage missteps — particularly around PII claims disclosure and data sharing — can undermine deals. Preparation is critical, with firms needing to address legacy issues well in advance. Private equity interest remains strong, but investors are highly selective, focusing on governance, strategy and risk profile. A clear post-deal integration plan is essential to long-term success.
AML and regulatory change
Significant change is expected as AML supervision potentially shifts towards the FCA by 2028–2029. Firms should prepare for a more data-driven, governance-focused regime with higher expectations around controls, documentation and accountability. Investment in centralised data and experienced compliance professionals will be key.
Technology, cyber and sanctions
Cyber threats are becoming more sophisticated, with attacks often embedded long before detection. At the same time, sanctions compliance remains complex and fast-moving. Technology risk is now firmly a board-level issue with direct professional liability implications.
Human risk
In an AI-driven environment, human factors — including pressure, burnout and decision-making — remain a critical driver of risk.
Overall
Firms that succeed will be those that take a proactive, integrated approach to risk — aligning strategy, systems and culture in an increasingly demanding landscape.
