The roles of the COLP and COFA are crucial in ensuring that law firms adhere to the regulations set by the SRA.
COFA
Interest Payment to Clients
1. The Guidance With interest rates increasing, law firms are finding themselves in a position, for the first time in a long time, that sums of interest are exceeding the de minimis level in their terms and conditions. This clause [...]
Understanding Your Requirements – Risk, Regulation and Compliance Including AML
There is no doubt that the continued drive to ensure your firm is complying with the various regulations and being able to demonstrate understanding and implementation of those obligations have stepped up a gear more recently. The SRA have been [...]