The following Practice Compliance precedent provides comprehensive and up to date legal information covering:
This document sets out our policy for dealing with breaches of regulatory requirements that apply to our firm. Some of these requirements are imposed by the Solicitors Regulation Authority (SRA), others apply to all businesses.
Failure to comply with regulatory requirements can have the following consequences:
clients may not receive the level of service that they are entitled to expect, which may result in complaints or negligence claims;
our reputation could be damaged;
the firm or individuals within the firm could be disciplined by the SRA or another regulator, which could lead to fines, disqualification or other sanctions;
the firm or individuals within the firm could be exposed to criminal prosecution.
We have always taken compliance extremely seriously and will continue to do so. The firm’s policies and procedures are designed to ensure we comply with our regulatory obligations. All staff are required to read and comply with them. A full list of our compliance policies and procedures can be found at [Appendix 1 OR [insert link to relevant page of intranet]the firm’s Staff Handbook OR .
We have appointed a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA)[, together with deputies].
The COLP and the COFA are responsible for implementing and monitoring compliance policies and procedures across the firm, although the day-to-day
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The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
This Practice Note considers the question of when court proceedings can be stayed. It identifies scenarios in which a party may apply for a stay of proceedings, including to allow for: a jurisdictional challenge; arbitration; an attempt to settle; related criminal proceedings; an opportunity to
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Scott Schedules are often very useful in construction disputes. They help to identify the key issues between the parties, and to set out for the judge in a single document a summary of the parties’ rival cases on an item-by-item basis.The need for a Scott Schedule in construction cases arises
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