LexisNexis

Practical guidance for the new Outcomes Focused SRA regulations and beyond

The Solicitors Disciplinary Tribunal recently reported a record number of solicitors being struck off or suspended for failing to comply with SRA regulations. Don’t let your firm be next.

Lexis®PSL Practice Compliance is a risk and compliance tool for law firms, reducing the risk of failure to comply and allowing more time to manage your business or earn fees. It is the only tool on the market to contain practical guidance, templates, precedents and checklists, bringing all your compliance needs under one roof. With this support you cut costs, save time, reduce risk and can focus on more profitable work.

Our team of highly qualified lawyers have put together an unbeatable set of materials to guide you through your compliance plan.

Download the Practice Compliance brochure to find out more

What is Lexis®PSL Practice Compliance?

Topics covered

LexisPSL Practice Compliance provides a risk and compliance toolkit for law firms, covering regulatory requirments ranging from the new SRA Handbook to Anti-Money Laundering legislation. The module currently has over 100 guidance notes. Subjects covered include: 

• The regulatory regime – who are the new regulatory bodies and what are their powers / what is outcomes-focused regulation / how will firm-based regulation impact on firms / what steps should firms take to ensure they are properly authorised by the SRA / which roles need to be authorised and when
• COLP toolkit – duties and liabilities of the compulsory NEW compliance officer roles (COLP and COFA) / monitoring breaches / reporting to SRA  / central pack of precedents, eg policies, forms, registers
• Business management – what are the SRA’s NEW requirements for compliance planning / how to formulate a Compliance Strategy document whilst dealing with routine compliance matters / sample Compliance Strategy document
• New clients – preliminary checks required by SRA and other legislation / costs information to clients / limiting liability  / sample policy and client facing documents
• Money laundering and criminal sanctions – Anti Money Laundering guidance, policies and procedures /  Prevention of Terrorism / Privilege / sample policy, forms and checklists
• Client care – NEW client care requirements / how to draft a Client Care Policy / sample policy
• Quality – SRA and Legal Ombudsman’s NEW complaints requirements / NEW supervision requirements / sample policy and client facing documents
• Third parties – NEW referral and fee sharing requirements / commissions and financial benefits / sample policy and client facing documents

A range of subtopics will be released following this for all your ongoing compliance needs and we will help you stay abreast of changes and updates in the regulations. The phased launch mirrors your adoption needs. All documents are checked regularly to identify any amendments or additional material required to address new legislation, case law or guidance.

Meet the experts

Lexis®PSL Practical Guidance

Lexis^®PSL provides up-to-date guidance from specialist solicitors and barristers so you can work more efficiently and provide advice with confidence. When you need more in-depth knowledge, Lexis^®PSL guides you to primary law and commentary, exclusive to LexisNexis.

Find out more about LexisPSL