The Law Society today unveiled a new consulting service for members to support work to meet their regulatory requirements.
The service aims to provide clarity and reassurance to law firms and in particular to offer guidance to newly-appointed compliance officers.
The service was launched at the society’s annual Risk and Compliance conference today.
The basic service is to be delivered by telephone evaluation and assessment of a firm’s risk profile. The price, of £50, will be refunded if any further services are subsequently purchased.
The next tier of support available is a full day visit from a Law Society risk and compliance consultant, who after having interviewed key staff and reviewed documentation on site, will provide traffic light scores against twelve risk and compliance priority areas.
Further steps, based on the assessed needs, are optional and vary from a more in depth report with actions and priorities to fully tailored, bespoke consultancy services.
Law Society chief executive Desmond Hudson said: ‘Many members are telling us of their increasing concerns about fulfilling their regulatory obligations and are looking to the Law Society for more comprehensive advice and support.’
He added: ‘We have amassed considerable expertise in this area and are keen to share it with our members. This new consultancy service has been developed to meet their needs.’