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Firm & File Audits

Undertaking audits is an essential aspect of the supervision programme of a law firm and without effective audits it is difficult for a firm to demonstrate a proactive supervisory programme that highlights and manages risk.

If a UK based law firm does not have an effective audit strategy they will be unable to fully demonstrate active supervision and evidence that the supervision structure is working. In most firms, file reviews and audits are common place as files are reviewed on a continuous bases at various critical points; such as risk reviews, complaints, supervisory guidance etc.

Find out more

For more information about our Compliance Services you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk. You can also download our Regulation & Compliance brochure by clicking on the link below.

How We Help

We work with firms both within the United Kingdom and globally to identify the activity they undertake and change the approach to such areas to enable the firm to record such reviews and supervisory touch points as audits, to bolster the firms overall audit strategy. We have office situated around the United Kingdom and our head office is in central London. Get in touch with our team of experts today for more information.  

Firm and File Audit Services

The drive for a firm is often not to undertaken file reviews and audits, but to have an effective system to evidence that audits are happening and recording such audits.

At The Strategic Partner we have the internal expertise to provide audits which cover:

  • Anti Money Laundering - systems / processes and their application
  • Risk assessment and the application of risk management
  • Application of the firm’s policies and procedures in accordance with the requirement of the Codes of conduct including COLP and COFA audits
  • Data Protection and GDPR
  • Technical audits
  • Residential Property 
  • Personal Injury 
  • Company & Commercial
  • Debt Recovery
    •  
    • Systems and Databases
    • Accounts and Finances including account processes and managing of office and client monies and transactions.

    A full audit report will be provided as part of each audit undertaken enabling the firm to record the audits and the report in the COLP folder as part of their evidencing of the application of the firms policies and compliance with the SRA Codes of Conduct and other legislation that applies to law firms.

    We provide both packaged and individual solutions that directly add value into the firms we work with. You can download brochures on these services below:

    Additional Compliance Services

    For further details on each of the other compliance services we provide please click on the links below.

    Codes of Conduct

    Specialist services designed for law firms, to assist with all areas of regulation, inc, COLP & COFA.

    Anti-Money Laundering

    We will work with your firm to ensure it has a full understanding of the requirements of the AML and related legislation.

    Firm and File Audits

    We have the expertise to provide firm wide audits and regulation advice across all areas of the practice.

    New Law Firm & ABS Applications

    We assist individuals and firms with making new law firm and ABS applications for all structure types.

    Risk Management

    At The Strategic Partner we work with law firms to establish a robust risk management strategy that covers both insurer and regulatory obligations.

    Complaint Management

    Our complaint management service provides firms with an effective outsource solution that enables complaints to be addressed quickly, with impartiality and resolved in the most effective manner..

    Compliance Management

    Our services ensure that a firm’s compliance officers can achieve peace of mind knowing that the policies and procedures adopted by the firm ensure the firm is compliant and that it will stay compliant.

    Compliance Administration

    The Strategic Partners Compliance Administration Service was developed at the request of our member law firms.

    SRA Investigations

    If your firm expects or has received a notification of investigation or the SRA have arrived at the firm our team are available to assist you.

    SRA Interventions

    If your firm expects or has received a notification of investigation or the SRA have arrived at the firm our team are available to assist you

    Solicitors Disciplinary Tribunal

    Whether you have received notification of investigation or the investigation has been concluded and a referral to the Solicitors Disciplinary Tribunal has been made it is advisable to seek expert advice and guidance.

    Professional Indemnity Renewal

    We work with both the Insurers and law firms providing risk guidance and risk reviews that are used for the purpose of the insurers considering the risk and premiums and in more serious cases whether to offer renewal terms.

    Office Procedures Manual

    We work with firms to create and maintain their office manuals, including firms with or without Lexcel and other quality kitemarks such as CQS, WIQS and legal aid franchises.

    Procedure & Documents Drafting

    At the Strategic Partner we work with firms to ensure they have documentation that is bespoke to them and reflects what they do in practice.

    Training & Development

    The Strategic Partner have developed training which can be delivered to firms and their staff to ensure there is a full and thorough understanding of the issues that firms face when managing risk and compliance and what their role is.

    Partnership & Shareholder Agreements

    We can assist with drafting and agreeing new partnership and shareholder agreements, reviewing and renewing existing agreements and partner and director disputes.

    Succession & Exit Plans

    The Strategic Partner can work with firms to develop succession and exit plans that achieve the goals of the current partners, further develop training and mentoring of future the Partners.

    Orderly Closure of Law Firms

    The strategic Partner works with firms to ensure that closure is undertaken on an orderly basis and where that is simply not possible due to sudden or financial issues, we will work with the firm to minimise negative impact wherever possible.

    Data Protection & GDPR

    Due to the nature of how law firms operate, the management, control and protection of data is an essential element of a firm compliance and regulation strategy.

    Membership

    Our membership provides firms with a range of benefits, discounts, updates and interaction all focussed on bringing value to your firm.

    We provide both packages and individual solutions that directly add value into the firms we work with.

    Enquiries

    For more information about our Regulation and Compliance services you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk.

     

    Let's talk about how we can help

    Get in touch - call us on 0203 911 9710 or complete the form.
    Tell us what you need or ask us a question, we'd love to discuss your business.

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