Introduction arrangement with separate business: due diligence
Introduction arrangement with separate business: due diligence

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

  • Introduction arrangement with separate business: due diligence
  • A: The separate business
  • B: Services
  • C: Client transparency
  • D: Financial or other interest
  • E: Best interests
  • F: Confidentiality
  • G: Independence

A: The separate business

Name of separate business [insert name]
Relationship between this firm and the separate business [describe relationship, eg the partners of this firm collectively own 50% of the separate business]
Do any of the following factors apply:
  1. you share the same or similar name, branding, or staff with the separate business?

  2. your premises are shared with or in close proximity to the separate business?

  3. you have shared or linked or websites or contact details with the separate business?

  4. you will (or may) conduct joint publicity with the separate business?

  5. the separate business will provide legal services that consumers may expect to be provided by a lawyer?

  6. clients seeking legal services will be first directed to the separate business?

  7. the name or branding of your firm and the separate business are similar?

Yes/No
If yes, you will have to take extra care at section C to ensure the client understands the difference in regulatory status between the SRA regulated firm and the separate business and the consequences of those differences, especially if the matter is to be divided with the