SRA confirm that they will be writing to all COLPs and COFAs at the 8,000 firms they have not yet asked to do so, asking them to sign a declaration that they are adhering to the transparency rules.
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…
With the UK government’s step two of the roadmap out of lockdown now in place across England, we review considerations law firms should be looking at regarding a return to the office.
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…
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…
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.
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.
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.
law firms and other businesses providing valuable professional services will need to consider not only how to do so remotely but how they will implement change within their firms to cope with process changes and to maintain regulatory requirements.