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
Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
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9th Nov
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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9th Nov
Practice notes
This Practice Note lists high-risk third countries identified by the Financial Action Task Force (FATF), HM Treasury and the European Commission as...
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9th Nov
Practice notes
The purpose of this Practice Note is to provide a general understanding of the offences under section 1, 2 and 6 of the Bribery Act 2010 (BA 2010). It...
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Produced in partnership with Joanne Kane of Carmelite Chambers 12th Jan
Practice notes
An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the courts. Failure to comply with an...
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9th Nov
Practice notes
Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small...
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Produced in partnership with Richard Furlong of Carmelite Chambers 12th Jan

Most recent Practice Compliance content

Practice notes
Reporting suspicions of money laundering—law firmsThis document reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20...
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15th May
Practice notes
Receipt and transfer of costs 2019—law firmsThis Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November...
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15th May
Practice notes
Separate business and unbundling legal services—SRA 2011 regime and SRA 2019 regime comparedThis Practice Note contrasts the requirements in the SRA’s...
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15th May
Practice notes
Brexit—anti-money laundering and counter-terrorist financing—law firms [Archived]ARCHIVED: This Practice Note has been archived and is not...
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15th May
Practice notes
Money Laundering Regulations 2017—client due diligence—law firmsThis Practice Note provides guidance on client due diligence (CDD) which is a central...
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15th May
Practice notes
Fraudulent employees—what, why and howCommercial organisations cannot function without staff. Unfortunately, however, your employees can pose serious...
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15th May
Practice notes
Anti-bribery and corruption—monitoring, reviewing and evaluating your proceduresThe MoJ guidance on the procedures' commercial organisations should...
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15th May
Practice notes
SRA changes—project planning [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.The SRA Standards and Regulations are in...
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15th May
Practice notes
AML and counter-terrorist financing timelineSTOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It...
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15th May
Practice notes
Conflicts of interest—systems and controls 2019The SRA Codes of Conduct (the SRA Code for Solicitors, RELs and RFLs (Code for Solicitors) and the SRA...
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15th May
Practice notes
Supervision 2019—law firmsThe SRA's core regulatory requirements in relation to supervision are found in the two Codes of Conduct (the SRA Code for...
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15th May
Practice notes
Complaints 2019—law firmsThis Practice Note reflects requirements in the Solicitors Regulation Authority (SRA) Codes of Conduct 2019 (2019 Codes) in...
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15th May
Practice notes
What’s new and what’s changed in 2019—Practice Compliance [Archived]ARCHIVED: This Practice Note has been archived and is not maintained. For more...
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15th May
Practice notes
SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and...
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15th May
Practice notes

LSAG AML guidance for

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15th May
Practice notes
Failure to prevent facilitation of tax evasion—proportionate risk-based prevention proceduresThe Criminal Finances Act 2017 (CFA 2017) introduced a...
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15th May
Practice notes
Failure to prevent facilitation of tax evasion—compliance issuesThe Criminal Finances Act 2017 (CFA 2017) introduced a corporate offence of failure to...
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15th May
Practice notes
Anti-bribery and corruption—agents and intermediariesThis Practice Note deals with agents and other intermediaries in relation to anti-bribery and...
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15th May
Practice notes
Protecting your business from fraud—law firmsFraud is the deliberate use of deception or dishonesty to deprive, disadvantage or cause loss (usually...
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15th May
Practice notes
Looking to the future: SRA proposals for reform of the Handbook [Archived]Less than five years since the SRA Handbook 2011 came into force in October...
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15th May

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