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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Practice notes

Precedents

Q&As

News

Latest Practice Compliance News

Practice Compliance weekly highlights—25 February 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance weekly highlights—25 February 2021

Comment—do not count on UK data adequacy; legal challenges appear inevitable

The following Commercial news provides comprehensive and up to date legal information on Comment—do not count on UK data adequacy; legal challenges appear inevitable

Practice Compliance weekly highlights—18 February 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance weekly highlights—18 February 2021

Practice Compliance forecast as at 16 February 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance forecast as at 16 February 2021

Featured Practice Compliance content

Facilitation payments under the Bribery Act 2010

Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small...

What is a solicitor's undertaking?

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...

Active bribery, passive bribery and bribing foreign public officials

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...

High-risk third countries tracker

This Practice Note lists high-risk third countries identified by the Financial Action Task Force (FATF), HM Treasury and the European Commission as...

Precedents

Modern slavery: contract clauses

1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...

9th Nov

In-house

Practice notes

AML and counter-terrorist financing—source of funds

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...

9th Nov

In-house

Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...

9th Nov

Brexit

Precedents

Standard contractual clauses—set II—controller to controller (Model Clauses)

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...

9th Nov

Precedents

Anti-bribery and corruption for law firms—post-training assessment questions

How to use this testThese questions are designed to test your understanding after your attendance at our training on avoiding bribery and...

9th Nov

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 firm's regulatory arrangements. This does not mean that the firm and its...

9th Nov

Most recent Practice Compliance content

Precedents

Internal risk report form

Please complete and email this form to the [[insert details of person nominated to receive risk reports]].If you wish to make an anonymous report, you...

26th Feb

Practice notes

Business planning—regulatory requirements

This practice note covers regulatory requirements which must be observed when preparing a written strategy for operating and managing the firm’s...

Produced in partnership with DG Legal 26th Feb

Practice notes

What’s new and what’s changed in 2021—Practice Compliance

This Practice Note tells you, on a month-by-month basis, whether we have amended existing content or published new content in Practice Compliance....

26th Feb

Practice notes

Financial management—regulatory requirements 2011 [Archived]

This practice note covers the regulatory requirements that must be observed to minimise any events that could affect your firm’s financial stability....

Produced in partnership with DG Legal 26th Feb

Practice notes

Identifying information security risks—law firms

This Practice Note is intended to help you:•identify the information and data that your firm holds and that your firm is responsible for (sometimes...

Produced in partnership with DG Legal 26th Feb

Practice notes

Brexit legislation tracker

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

26th Feb

Brexit

Practice notes

Doing business in: the US

Updated in November 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountUtilising office...

Produced in partnership with Mark Rowbotham of Portcullis ISC 26th Feb

Practice notes

Doing business in: Cyprus

Updated in July 2020IntroductionCyprus is strategically located in the Eastern Mediterranean at the crossroads of Europe, Asia and Africa. It is an...

Produced in partnership with Elias Neocleous of Elias Neocleous & Co LLC, Andrea Kallis Parparinou of Elias Neocleous & Co LLC and Elena Christodoulou of Elias Neocleous & Co LLC 26th Feb

Practice notes

Doing business in: China

Updated in April 2019IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountUtilising office spaceImmigration...

Produced in partnership with Haibin Xue of Zhong Lun Law Firm 26th Feb

Practice notes

Doing business in: India

Updated in July 2019IntroductionThe business environmentEstablishing a presenceFinancing a companyOpening a bank accountUtilising office...

Produced in partnership with Aashit Shah and Pallavi Banerjee of J. Sagar Associates 26th Feb

Practice notes

Doing business in: Taiwan

Updated in August 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a branch officeOpening a bank accountUtilising...

Produced in partnership with Patrick Marros Chu of Lee and Li, Attorneys-at-Law and David Tien 26th Feb

Practice notes

Doing business in: Korea

Updated in August 2020IntroductionThe business environmentForming a companyOpening a branch officeFinancing a companyOpening a bank accountUtilising...

Produced in partnership with Paul S Rhee of Yoon & Yang 26th Feb

Practice notes

Doing business in: New Zealand

Updated in August 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a branch officeOpening a bank accountUtilising...

Produced in partnership with Silvia Curin Brown of Minter Ellison Rudd Watts and Rodney Craig of Minter Ellison Rudd Watts 26th Feb

Practice notes

Doing business in: Ireland

Updated in September 2020IntroductionIreland is consistently ranked as one of the most attractive locations globally in which to establish...

Produced in partnership with David O'Donnell and Cara Cooke of Mason Hayes & Curran 26th Feb

Practice notes

Doing business in: Hong Kong

July 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountUtilising office spaceImmigration controlsKey...

Produced in partnership with Felix K.H.Ng, Timothy L.T. Wan, Christina H.K. Ma and, Vanessa C. Y. Wong of Haldanes Solicitors & Notaries 26th Feb

Practice notes

Doing business in: South Africa

Updated in July 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a branch officeOpening a bank accountUtilising...

Produced in partnership with Graeme Palmer of Garlicke & Bousfield Incorporated 26th Feb

Practice notes

Doing business in: Germany

Updated in December 2019IntroductionGermany is the strongest economy in Europe and one of the largest worldwide. Its central location in the middle of...

Produced in partnership with Regina Glaser, Torsten Groß, Dominik Eickemeier, Dr Vinzenz Bödeker, Fabian Gaffron, Dr André Szesny, Rainer Dr Velte and Dr Bodo Dehne 26th Feb

Practice notes

Doing business in: France

Updated in November 2019IntroductionFrance is an open market economy and provides a business-friendly environment with strong public facilities and a...

Produced in partnership with Bersay 26th Feb

Practice notes

Doing business in: Turkey

Updated in August 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountUtilizing office spaceImmigration...

Produced in partnership with Kayra Üçer of Hergüner Bilgen Ozeke 26th Feb

Practice notes

Doing business in: Japan

Updated in April 2019IntroductionThe business environmentForming a companyFinancing a companyOpening a branch officeOpening a bank accountUtilising...

Produced in partnership with Masako Banno of Okuno & Partners 26th Feb