The Strategic Partner

Yes, it is important for solicitors to be compliant with regulatory bodies. Regulatory bodies, such as the Solicitors Regulation Authority (SRA) in the UK, are responsible for setting and enforcing professional standards for solicitors. Compliance with these standards ensures that solicitors provide high-quality legal services to their clients and maintain the integrity of the legal profession.

Failing to comply with regulatory requirements can result in disciplinary action, which may include fines, suspension, or even revocation of a solicitor's license to practice. In addition to the risk of disciplinary action, non-compliance can damage a solicitor's reputation and lead to a loss of clients.

Therefore, it is essential for solicitors to be aware of and comply with the rules and regulations set by their regulatory bodies to ensure that they are providing high-quality legal services and maintaining their professional reputation.

How do you take care of Solicitor Compliance at Collards Partners Accountants?

The Strategic Partner is a consultancy business providing essential knowledge, insight, and assistance to law firms across England and Wales.  The Strategic Partners supports law firms by providing a variety of specialised training and services concerning risk, regulation, compliance, and AML. Their team of compliance managers can offer training and guidance relating to a variety of these issues to ensure that Law firms and Solicitors are compliant with the SRA and other regulatory bodies.

There are very few good compliance services in the market place for legal firms. Trying compliance in-house is not a favourite task for Solicitors.

Collards Chartered Accounts are a trusted partner of The Strategic Partner, out collaborative approach to Law Firm compliance care means our Solicitor and Legal Firm clients can trust in us to take care of these responsibilities for them at every step.

https://www.thestrategicpartner.co.uk/

Essential Services To Empower Your Law Firm

Published:

28/03/2023

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