Risk management is a discipline that cuts across all activities, from strategic to operational. The focus of risk management is the assessment of significant risks and the implementation of suitable risk responses and treatment. The aim is to achieve maximum sustainable value, increase the likelihood of success and reduce both the probability of failure and the level of uncertainty associated with achieving your organisations objectives.
For new and existing firms, Compliance Legal can provide your firms Compliance Officer for Legal Practice (COLP) with ongoing support and advice. From the firms that have instructed us, we have found that COLPs spend an average of 10 hours a month carrying out this role. As this time is not billable, your senior lawyers are being used for work that could be outsourced at a competitive rate.
Compliance Legal can be utilised as a valuable outsourcing resource that will report directly into your COLP. Our consultants will work alongside your risk management teams to ensure that the role is carried out efficiently to meet regulatory requirements. Your COLP will retain overall responsibility for the role, but we will undertake majority of the duties and ensure compliance with the SRA Standards and Regulations.
We provide this service as a one-off consultancy or ongoing monthly retainer. Get in touch today to see how we can help.
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Let us carry out a free audit for you today!
We are pleased to offer a free, no obligation audit of the key risks to your business. Contact us today and see how our services can benefit your firm.