At the end of November 2021 the SRA produced a useful report with a summary of what it expects from the firm it regulates and conclusions from the firms it had reviewed that year. Here is a link to it. Below we have summarised the main points. If you have questions about AML please contact […]
When a law firm is facing an SRA inspection, the first thing to establish is what the SRA wants to inspect, which is likely to relate to what caused the inspection. This will be the area on which the SRA will focus. Then the firm needs to consider the context, such as its practice areas, […]
Let me tell you a story. Some while ago, in a province in India, there was a problem with too many cobra snakes. Too many people were being bitten. So, the local officials decided to offer a price on the head of every cobra brought in dead to them. The policy seemed to be very […]
Here is the URL for the UK: https://www.gov.uk/order-coronavirus-rapid-lateral-flow-tests
You need a degree or equivalent to sit the SQE exams. It can be obtained outside the UK. Either way it has to be checked by the SRA’s 3rd party validating service (they use Atlantic Data). You will need to give Atlantic Data this information: Atlantic Data will ask for your degree/qualification certificate or student […]
There’s a quiet revolution happening which I think has the potential to bring about quite some change in how many solicitors firms operate and affect their economic model. Many firms seek to drive down the cost of production and drive up profit by employing paralegals to do less complex and lower value work. I know. […]
If you have or are a consultant solicitor the IR35 will be high on your agenda. We are not experts on this but have come across this resource for expert advice to ensure that you are compliant. Expert advice and insurance against HMRC investigations. This has been recommended to us, so we thought we'd share […]
The government has decided that the Fast Track will be extended to cases valued up £100,000 and thus that Fixed Recoverable Costs will be extended accordingly. Clin Neg are excluded because they are the subject of a separate review. There are 4 categories of complexity which will determine the level of costs allowed. In case […]
We provide AML training both for businesses in the Legal Sector and for FCA regulated firms. SRA regulated firms - did you know that Lexcel requires firms to review policies and training EACH year? The Legal Sector Affinity Group Anti-Money Laundering Guidance states that all employees and agents should receive training at regular and appropriate […]
If nothing else, the pandemic has showed the value of good financial awareness and the value of cash in the bank. I think the economic outflow of the pandemic is still to hit us. Those businesses with a strong cash basis and good awareness of their finances will be in a stronger position to take […]
