Are you concerned about the increasing COST and BURDEN of compliance?

If so, you’re not alone. Most firms don’t have the luxury of a dedicated compliance team, meaning that their most PROFITABLE lawyers risk becoming overloaded with non-chargeable COLP and COFA duties.

Against a backdrop of legal aid cuts, personal injury reforms, and aggressive new entrants to the market, this could not have come at a worse time.

Save TIME, increase PROFITABILITY, and get PEACE OF MIND with COLP-help

We are COLP and COFA outsourcing experts.

Can your COLP afford to spend valuable time on compliance and risk management? For many firms, reducing a senior lawyer’s fee-earning potential could itself present a risk to financial stability and client care, two of the cornerstones of Outcomes Focused Regulation.

COLP-help, an outsourced compliance service, will significantly reduce that compliance burden. For a monthly fee, we simply take care of the compliance work, leaving the COLP with ultimate oversight and control.  Think of us as a Deputy COLP (without the recruitment costs).  Find out more

Compliance will continue to be an ongoing cost of doing business in the profession, whether that comes in the form of lost fee-earning time, recruiting compliance specialists or getting external help and support.  Get in touch to see how we can help.

Please download our leaflet for more information

Alternative Business Structures (ABS) – 100% success rate

We have advised on around 10% of all of the SRA-regulated ABSs to date

The introduction of Alternative Business Structures (ABS) brings a huge amount of opportunity to law firms whilst offering a wider range of services to their clients.  The Legal Services Act 2007 allows you to:

  • take on external investment
  • offer innovative products and make the most of cross selling services
  • include non-lawyers as part of the management team, providing the firm with specialist skills such as sales and marketing
  • enter into joint ventures with referrers
  • make comprehensive succession plans
  • implement the most tax effective business structure

In order to obtain an ABS Licence the firm must meet the strict standards and requirements as set out in the SRA Handbook.  As an SRA compliance specialist, we can guide you through the process.  Watch our video below to learn more about ABSs.

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