Practice Compliance

Every law firm has a legal duty to comply with the SRA Handbook and a raft of other legislation and regulations. Get it wrong and you personally face investigation, disciplinary action, fines and prosecution (not to mention the damage to your reputation).

LexisPSL Practice Compliance is an online risk and compliance toolkit designed to help your firm get in line and stay in line. With clear, concise notes written by leading experts in compliance, spelling out exactly what you need to do in practical terms. Plus all the forms, checklists, policies, registers, templates and examples you need to do it right. We even provide training aids to help you educate your staff in key compliance areas.

And our lawyers check all our content to make sure it’s always in line with the latest changes in the law and the marketplace. So you can be completely confident your house is in order, at all times.

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Latest Practice Compliance News

Featured Practice Compliance content

Practice notes
AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money...
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19th May
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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19th May
Practice notes
Compliance officer for legal practice—COLP—title and duties 2011 [Archived]The compliance officer for legal practice (COLP) sits at the heart of the...
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19th May
Practice notes
Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
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Produced in partnership with Adam Cygan of University of Leicester 19th May
Practice notes
SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
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19th May
Precedents
1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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19th May
Practice notes
High-risk third countries trackerOrganisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...
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19th May
Practice notes
Active bribery, passive bribery and bribing foreign public officialsThe purpose of this Practice Note is to provide a general understanding of the...
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Produced in partnership with Joanne Kane of Carmelite Chambers 19th May
Precedents
In briefThis precedent links to: •a template created by the UK Information Commissioner’s Office (ICO) of the ‘Set II’ or ‘2004’ EU Standard...
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19th May
Practice notes
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
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Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
Practice notes
Safeguards and information barriersProtection of confidential information is fundamental to your relationship with clients, both as a matter of law...
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19th May
Practice notes
Undertakings and the SRA 2019What is an undertaking?An undertaking is:•a statement, given orally or in writing, whether or not it includes the word...
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19th May
Practice notes
Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
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19th May
Practice notes
SRA Handbook 2011 [Archived]The SRA Handbook 2011 sets out standards and requirements that individual lawyers and firms are expected to achieve and...
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19th May
Precedents
1IntroductionThis financial sanctions policy is designed to ensure we comply with applicable financial sanctions laws made under the UK sanctions...
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19th May
Practice notes
Working with European lawyers—the Registered European Lawyer (REL) regimeAt 11 pm (GMT) on 31 December 2020, the Brexit transition/implementation...
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19th May

Most recent Practice Compliance content

Q&As
What money laundering and terrorist financing red flags do I need to look out for in a transaction or matter involving virtual assets?This Q&A...
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13th Jul
Precedents
AML and counter-terrorist financing cheat sheet—for staffWhat is money laundering?Money laundering is the process through which the proceeds of crime...
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13th Jul
Precedents
Mini training aid—AML—reporting suspicions—post-training assessment answers—law firmsQuestionAnswers1. Which Act(s) create(s) obligations to report...
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13th Jul
Precedents
Recognising crime—red flags and warning signs for staff—law firmsYou must remain alert to the red flags and warning signs of crime potentially taking...
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13th Jul
Q&As
Do I have to make a suspicious activity report where I have stopped acting or declined to act for a client due to the presence of an AML risk...
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13th Jul
Q&As
What CDD challenges are presented by coronavirus (COVID-19)?STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20...
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13th Jul
Precedents
Money laundering and terrorist financing firm-wide risk assessment—law firmsThis Precedent reflects draft Legal Sector Affinity Group (LSAG) AML...
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13th Jul
Precedents
Mini training aid—AML—reporting suspicions—post-training assessment questions—law firmsHow to use this testThese questions are designed to test your...
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13th Jul
Precedents
AML and counter-terrorist financing policy—law firmsThis document reflects draft Legal Sector Affinity Group (LSAG) AML Guidance, published on 20...
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13th Jul
Precedents
AML and counter-terrorist financing compliance declarationMoney laundering is the process through which the true origin and ownership of the proceeds...
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13th Jul
Precedents
Mini training aid—AML—law and red flags—law firmsThe training materials are customisable.This training pack has been prepared in PowerPoint and...
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13th Jul
Precedents
Modern slavery risk assessmentIn order to determine the level of risk of modern slavery posed to our organisation we have identified and assessed the...
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13th Jul
Practice notes
Receiving funds—money laundering concernsThis Practice Note reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January...
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13th Jul
Precedents
Letter explaining DBA—general litigation or advocacyStandard DBA (general litigation or advocacy)We have discussed various options for funding your...
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13th Jul
Precedents
Letter explaining CFA—conditional fees from 1 April 2013—success fee and insurance premium not recoverable between the partiesStandard CFA (success...
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13th Jul
Practice notes
Websites—compliance requirementsIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered...
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13th Jul
Precedents
Modern slavery—supplier questionnaireSupplier to complete and return to [insert details].GeneralCompany name[Insert]Vendor/reference...
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13th Jul
Precedents
Letter explaining CFA—conditional fees from 1 April 2013—insolvency proceedings before 6 April 2016 and privacy proceedingsCFA in privacy or...
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13th Jul
Practice notes
Damages-based agreements—all claim typesThis Practice Note explains how the damages-based agreement (DBA) regime operates, including: •how DBAs...
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13th Jul
Practice notes
Damages-based agreements—general litigation or advocacy servicesThis Practice Note explains how the damages-based agreement (DBA) regime operates for...
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13th Jul

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