Quality Standards for Law
Audit Compliance helps legal practices manage their business and maintain quality standards
and compliance with the Solicitors Regulation Authority’s Code of Conduct and SRA Accounts Rules.
QUALITY COMPLIANCE
AUDITS
We can help you prepare for accreditations such as Lexcel, CQS and more.
COMPLIANCE TRAINING AND SOLUTIONS
Solicitors Accounts, Online compliance logs, Anti-Money Laundering etc.
MANUALS, POLICIES AND PROCEDURES
We offer a complete Office Procedures Manual.
Paul Wilkinson BSc
Managing Director
Paul has over 20 years experience assisting in compliance and to manage their business for both start-ups and established Legal practices, including assisting in forming ABSs.
Maintaining quality standards :- The Law Society’s Lexcel, Conveyancing Quality Scheme, LawNet, ISO 9001:2015 and the Legal Aid Agency’s SQM.
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Developer of LEAP Best Practice Standard for Conveyancing.
He provides training at the Middlesex Law Society in compliance and COLPs and COFAs with the SRA Code of Conduct and Accounts Rules.
Paul is a lecturer on mediation and a Civil and Commercial mediator.
Lana Velkov MSc
Compliance Consultant
Lana graduated with a BSc Business Economics at the University of Exeter followed by MSc Emerging Economies & International Development at King’s College London.
She became a Compliance Consultant after gaining exposure to Anti-Money Laundering and Counter Terrorist Financing (AML/CFT) due diligence at a Swiss development finance consultancy.
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This work involved researching several Asian banks as part of Asian Development Bank’s (ADB’s) Trade and Supply Chain Finance Program (TSCFP) covering more than 100 banks in 18 emerging markets.
Lana is well-versed in legal writing, having created an AML/CFT & Sanctions manual. Her knowledge of the legal sector is extensive as a compliance auditor and consultant. Her client work includes the revision of AML manuals, Practice-Wide Risk Assessments (PWRAs) as well as other compliance gap analysis.
Latest Posts
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Good and Poor Practice for Client and Matter Risk Assessments
A Client and Matter Risk Assessment (CMRA) is a regulatory requirement for evaluating money laundering and terrorist financing risks associated with a client or matter. It aids in determining the appropriate level of due diligence (CDD) required under the Money Laundering Regulations 2017 (MLR 2017). Each client and matter must have a documented risk assessment,…
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Anti-Money Laundering and Sanctions Data Collection by the SRA
All firms regulated by the Solicitors Regulation Authority (SRA) have been contacted regarding a data collection exercise. Firms are required to answer questions about the work they carry out within the scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), anti-money laundering (AML) procedures, sanctions,…
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The SRA Investigations
The Solicitors Regulation Authority (SRA) has been working to speed up its investigations but has not fully met the new targets set in 2023. A recent report covering November 2023 to March 2024 shows that the SRA fell short of its goal to resolve 70% of cases within 10 months, with results ranging between 54%…