Is your firm fit to face the changes?
Kick-start your regulatory fitness regime for 2019 and prepare for the new SRA Standards and Regulations.
To help kick-start your regulatory fitness regime for 2019 and prepare for the new SRA Standards and Regulations, Compli is offering a fixed-fee compliance health check of your practice, which will review your compliance against key aspects of the current SRA Handbook (if you are compliant now, there will be less you will need to do to be compliant under the new Standards and Regulations) and recommend gaps that need filling.
2019 will bring substantial regulatory change for solicitors, and whilst COLPs and risk managers could already be forgiven for feeling overwhelmed by the long list of tasks arising from GDPR, pricing transparency, AML regulations, changes to Lexcel (with more changes to come), the Insurance Distribution Directive, and much more, this list is about to get ever longer with the introduction of the new SRA Standards and Regulations for solicitors and firms and new Accounts Rules.
Are you prepared for these changes or wondering where and how to start preparing? Is your risk management regime robust enough? Are your audit/file review processes sufficient to help recognise red-line risks? Does your training programme fulfil all regulatory and legislative requirements? How will you embed ethics into your training? If the SRA, under its enforcement strategy, continues its present policy of disciplinary investigations and sanctions against firms and responsible individuals, will you be able to deal with that, both in terms of management time and stress?
Will someone within your firm be responsible for all areas of risk and compliance, or will you outsource all or some areas? The benefits of outsourcing are well known and include:
- Expert knowledge and mitigation of risk
- Reduced costs (salary and benefits savings)
- Time efficiencies, freeing up senior management time to focus on profitable work and business development
Our bespoke risk management and compliance consultancy service can help you address all these questions and more. Compli’s suite of services helps you stay on top of your regulatory obligations and remain compliant and includes a helpline, advice and assistance on one-off projects/innovation, regulatory and risk audits, establishing and embedding systems, COLP and COFA support, authorisation applications and on-site/on-line training courses for all staff, including face to face training and workshops on the new SRA Standards and Regulations and what it means for you and your staff. We also have an excellent track record of representing solicitors in SRA investigations and disciplinary matters should the worst-case scenario arise. Unlike many other risk and compliance consultancy services, we are a full service law firm and are able to provide legal advice upon which firms can rely with the benefit of legal professional privilege, which comes with the protection of professional indemnity insurance.
A new year always starts with resolutions and good intentions but these often fall by the wayside because your ‘day job’ gets in the way. For a fixed fee of only £1,450 + VAT, our compliance health check will be the best possible investment for your firm.