LexisNexis Releases New Solution for Law Firms to Assist Compliance with the New Solicitors Regulatory Authority Rules
LexisPSL Practice Compliance helps law firms navigate SRA changes, whilst saving time and costs
LONDON, 14 November 2011 – LexisNexis UK (www.lexisnexis.co.uk), a leading provider of content and technology solutions, today announced the next release of Lexis®PSL Practice Compliance as part of a series of leading practice support solutions.
On 6 October 2011, the Solicitors Regulatory Authority (SRA) made fundamental changes to the way law firms are regulated. LexisPSL Practice Compliance helps guide firms through this outcomes-focused regulation, the new SRA Handbook and other regulatory requirements.
Allison Wooddisse, solicitor and head of Practice Compliance at LexisNexis said: “Given that the SRA Handbook runs more than 500 pages, keeping up with compliance and other regulatory requirements can prove a headache for firms. Fee earning time is under increasing pressure, not helped by the recession and the new threat of competition from alternative business structures.”
Wooddisse added: “Lexis®PSL Practice Compliance delivers practical guidance on how law firms should comply with the regulation. It covers key new requirements in the SRA Handbook plus a raft of general regulations that apply to law firms, such as anti-money laundering. Easy-to-use templates, precedents, policies and checklists are supported by guidance notes to help firms focus on earning fees or managing their business, while reducing the risk of failure to comply.”
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About LexisNexis Legal & Professional
LexisNexis Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.
In the UK, LexisNexis (www.lexisnexis.co.uk) online legal solutions include: Lexis®PSL, Lexis®Check and Lexis®Library – named Online Product of the Year at the Legal Technology Awards. Published resources include both Butterworths® and Tolley™. LexisNexis provides the most comprehensive source of legal and tax commentary in the UK.
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