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COLP Alert SRA regulations. Touching digital envelope. Title on blue background.

COLP ALERT – Update your contact details with SRA or Risk an Investigation.

With the Solicitors Regulation Authority (SRA) using email to communicate more frequently with the regulatory officers and in particular, the COLP, firms are well-advised to check and confirm what email address is being used by the SRA or held in their database. The four areas that required improvement were the following:Sara Gwilliam the SRA money laundering reporting officer said that the key themes of the…

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When should a Law Firm Repeat Client Due Diligence?

At The Strategic Partner, we are frequently asked how often a firm is required to repeat Client Due Diligence and if there is a time limit imposed.
The four areas that required improvement were the following:Sara Gwilliam the SRA money laundering reporting officer said that the key themes of the…

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Is Your Firm Ready For The SRA AML System Checks?

Recently the SRA have visited 74 firms to check if they had policies and procedures in place for AML checks. The SRA have stated that “Two thirds were told to make changes to the way they work.”

The four areas that required improvement were the following:Sara Gwilliam the SRA money laundering reporting officer said that the key themes of the…

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3 faces representing moods. Title.

Communication and Mental Health into 2021

The coronavirus pandemic has and continues to have a substantial impact on the legal sector in many ways, most significantly on the mental health and wellbeing of employees. Promoting and supporting positive mental health and wellbeing for all employees during these times should be a key priority for firms.

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'Stamp Duty' written in building blocks. Person holding wooden house. Title.

Stamp Duty Holiday Warning

If your firm has not updated your client care letter for property matters with a short paragraph confirming that you cannot guarantee the completion of the matter by the 31st March 2021 due to a range of factors outside of your control, it is imperative that you do so now.

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Partnership Announcement

The Strategic Partner and PIB Insurance Brokers are pleased to announce they have entered into a strategic partnership, combining TSP’s essential services and solutions for law firms and those in the legal sector with PIB’s Professional Indemnity Insurance products, access to risk management and Health and Safety services.

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