About CQS Conveyancing

The lack of clarity of the new SRA regime presents a great opportunity for consultancies to run seminars to try an demystify OFR. COLPs are to be appointed in the next few months and should be attending seminars to determine what their obligations are and what exposure they face. It will be the COLP who will be responsible for ensuring that the firm has systems and controls in place to enable the firm, as well as its managers and employees, to comply with the requirements on them. To be authorised, firms have to have suitable arrangements for compliance and some guidance is given as to what a “compliance plan”/risk register should cover although it will very much depend on the nature and size of firm, its work and its areas of risk. The COLP will need to be involved in the creation (if it doesn’t exist already) and monitoring/review of this on an on-going basis. When choosing a COLP seminar  you should be looking for a course  which will provide practical support as y...

Whether you are a sole practitioner or a managing partner of a legal practice, you must prepare for the increased regulation, scrutiny, and oversight inherent in the new SRA regime. Law firms across England and Wales should already have begun evaluating their compliance and control systems, but this is now being brought into sharper focus as firms are expected to nominate their Compliance Officer for Legal Practice (COLP) by 31 July 2012. Even though expectations of evidential compliance has never been higher from the SRA, insurers, clients, and management, resources to perform compliance functions have not increased commensurately. Compliance programs must meet demands — to perform better, dig deeper, provide broader coverage, faster — without significant additional expense. To assist their COLP, leading firms are already embracing technology that can help them manage their day-to-day compliance functions and meet these new expectations. New technological tools such as COMPLETION...