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LBS Legal provides essential regulatory compliance support to more than two hundred legal practices, helping them to comply with the SRA Handbook.
Regulatory sanctions can be avoided by practices which ensure they have taken all reasonable steps to comply with their regulatory obligations. LBS Legal can assist in this regard by conducting a comprehensive compliance audit, with a detailed report of findings and assisting with any remedial action required, followed up by ongoing compliance support, addressing all remedial action identified, as well as any required compliance training.
Our regulatory compliance team includes former SRA investigators, lawyers and practice directors, whose collective expertise is far greater than that which all but the largest legal practices are able to develop in-house.
Our areas of expertise include:
Statistical data strongly suggests that LBS Legal clients generate significantly fewer negligence claims and complaints, enjoy a more positive relationship with the SRA, retain panel status with more lenders and pay significantly smaller indemnity insurance premiums than their competitors.
Regulatory Compliance: Audit and Report
LBS Legal has a large team of specialist advisers with high-level expertise in the duties and liabilities of solicitors, as well as the legal and regulatory framework for the provision of legal services.
Our detailed regulatory compliance reports, based on a thorough on-site audit, have won comprehensive praise from regulators, clients, indemnity insurers, mortgage lenders and leading industry commentators. Our consultants are trained with an objective eye to spot the sort of issues, which the SRA would identify.
The compliance audit, carried out by LBS Legal advisers with appropriate qualifications, is intended to give you total peace of mind and provide simple solutions to eliminate risks. The sorts of issues that it would typically flush out include:
Ian Braithwaite Client Relationship Manager
T: 0113 385 4483
M: 07432 695 289
An SRA Scam Alert on 30th January involved an email in the name of Andrew Crowell of JMW Solicitors, which contained attachments, purporting to be a memorandum of sale and contract documentation.
The Law Society believes firmly in the importance of access to justice regardless of wealth and social background and this is also the subject of one of five campaigns behind which it is throwing its weight.
HSB Bank has increased the value of properties on which sole practitioners with CQS accreditation are able to act for it from £150,000 to £350,000.
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