In Industry Insights, Jon's Blog

A list of the many acronyms we come across every day.  We’ve probably missed lots:

  1. ABS – Alternative Business Structure
  2. ATE – After the Event (insurance)
  3. BSB – Bar Standards Board
  4. BTE – Before the Event (insurance)
  5. CCBE – Council of the Bars and Law Societies of Europe
  6. CDD – Customer Due Diligence
  7. CILEx – Chartered Institute of Legal Executives
  8. CLC – Council for Licensed Conveyancers
  9. CML – Council of Mortgage Lenders
  10. COFA – Compliance Officer for Finance and Administration
  11. COLP – Compliance Officer for Legal Practice
  12. CPD – Continuing Professional Development
  13. DPA – Data Protection Act
  14. FCA – Financial Conduct Authority
  15. HOFA – Head of Finance and Administration
  16. HOLP – Head of Legal Practice
  17. IPS – ILEX Professional Standards (now CILEx Regulation)
  18. IPW – Institute of Professional Will Writers
  19. LDP – Legal Disciplinary Practice
  20. LLP – Limited Liability Partnership
  21. LeO – Legal Ombudsman
  22. LSA – Legal Services Act
  23. LSB – Legal Services Board
  24. MDP – Multi-Disciplinary Practice
  25. MLRO – Money Laundering Reporting Officer
  26. OFR – Outcomes Focused Regulation
  27. PEP – Politically Exposed Person
  28. PII – Professional Indemnity Insurance
  29. REL’s – Registered European Lawyers
  30. RFL’s – Registered Foreign Lawyers
  31. SAR – SRA Accounts Rules
  32. SDLT – Stamp Duty land Tax
  33. SDT – Solicitors Disciplinary Tribunal
  34. SQM – Specialist Quality Mark
  35. SRA – Solicitors Regulation Authority
  36. STEP – Society for Trust and Estate Practitioners
  37. VAT – Value Added Tax
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