Regulatory Advice

Why seek advice?

We receive instructions from a wide variety of law firms, from top 100 through to sole practitioners. Their reasons for seeking advice are various but include :-

  • To support the firm’s compliance team;
  • As a form of insurance, whether the decision to be made is difficult or not;
  • For an opinion whether the facts are likely to be treated by the SRA as giving rise to a breach of rules; and
  • To ascertain what can be achieved within the rules, and whether a rule can be waived.

As an SRA regulated law firm ourselves, advice you seek from us is legally privileged.

So what do we advise on?

  • Compliance with the SRA Code of Conduct 2011;
  • SRA Accounts Rules issues;
  • Compliance with other aspects of the SRA Handbook 2011, including SRA Practising Regulations and SRA Authorisation Rules 2011;
  • Statutory requirements for law firms;
  • Client facing issues including dealing with LeO and internal complaints;
  • Referral (and referral fee) arrangements;
  • Obligations on COLPs and COFAs;
  • Separate Business rules;
  • Start-ups, orderly closures, disposals, and the transfer of clients;
  • Alternative Business Structures; and
  • Other aspects of practice, e.g. solicitors’ undertakings;

What form does that advice take?

  • Written opinions;
  • Telephone support;
  • Conference at or away from your firm;
  • Compliance audit; and
  • On site training (please ask for further details of our experience, including, delivering Advanced Level seminars for MBL Seminars)

Why choose us?

Regulatory compliance is a practical rather than theoretical exercise. It’s hard to give that practical advice unless you have the experience of knowing what happens when things go wrong.

Our experience in the field of professional discipline gives us that advantage. We understand the context in which advice needs to be given.

We’re in practice too, and understand that our legally privileged advice needs to be to the point, and cost effective. Our many years’ experience enables us to achieve just that.

Case Study 1

We were instructed by a number of firms with contractual relationships with the National Centre for Domestic Violence (NCDV). We gave clear advice on compliance with the SRA Code of Conduct 2011, in particular, the referral fee arrangement rules, and were able to successfully negotiate a Regulatory Settlement Agreement with the SRA.

Case Study 2

We were instructed by Legal Counsel of a top 20 firm of chartered accountants, which had established a separate SRA regulated arm. We provided clear advice on the steps required to achieve compliance with all regulations.

If you want us on your team, e-mail or speak to Andrew Blatt on 07973 752498, Robert Forman on 07976 562236 or Nick Trevette on 07976 795014.