Breach reporting policy—law firms
Breach reporting policy—law firms

The following Practice Compliance guidance note provides comprehensive and up to date legal information covering:

  • Breach reporting policy—law firms
  • Appendix 1Schedule of compliance policies and procedures
  • Appendix 2Compliance officers
  • Appendix 3Internal compliance breach form

  1. 1

    Introduction

    1. 1.1

      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.

    2. 1.2

      Failure to comply with regulatory requirements can have the following consequences:

      1. 1.2.1

        clients may not receive the level of service that they are entitled to expect, which may result in complaints or negligence claims;

      2. 1.2.2

        our reputation could be damaged;

      3. 1.2.3

        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;

      4. 1.2.4

        the firm or individuals within the firm could be exposed to criminal prosecution.

    3. 1.3

      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 .

  2. 2

    Compliance officers

    1. 2.1

      We have appointed a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA)[, together with