The following Practice Compliance precedent provides comprehensive and up to date legal information covering:
This document sets out our plan for complying with the numerous regulatory requirements that apply to our business and forms part of our overall risk management strategy. Some of the regulatory requirements are imposed by the SRA; others apply to all businesses.
Failure to comply with regulatory requirements or properly manage our regulatory risks can have the following consequences:
clients may not receive the level of service 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.
Title and identity
Central to this plan is the appointment of our:
compliance officer for legal practice (COLP) and
compliance officer for finance and administration (COFA)
These are collectively known as our compliance officers.
The current compliance officers and their deputies are listed in Appendix 1. This may be updated from time to time; if so, we will ensure that staff are notified of any changes.
Areas of responsibility
Between them, the COLP and the COFA are responsible for all aspects of compliance, although
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Elements of the offence of perverting the course of justicePerverting the course of justice is a common law offence which can only be tried on indictment in the Crown Court. The elements of the offence are:•a person acts or embarks on a course of conduct•which has a tendency to•and is intended to
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This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
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