LexisNexis releases solution to assist compliance with new SRA rules

Print This Post

14 November 2011


Legal Futures Associate LexisNexis UK, a leading provider of content and technology solutions, today announced the next release of LexisPSL Practice Compliance as part of a series of leading practice support solutions.

On 6 October 2011, the Solicitors Regulatory Authority (SRA) made fundamental changes to the way law firms are regulated. LexisPSL Practice Compliance helps guide firms through this outcomes-focused regulation, the new SRA Handbook and other regulatory requirements.   

Allison Wooddisse, solicitor and head of practice compliance at LexisNexis, said: “Given that the SRA Handbook runs more than 500 pages, keeping up with compliance and other regulatory requirements can prove a headache for firms. Fee-earning time is under increasing pressure, not helped by the recession and the new threat of competition from alternative business structures.”

Ms Wooddisse added: “LexisPSL Practice Compliance delivers practical guidance on how law firms should comply with the regulation. It covers key new requirements in the SRA Handbook plus a raft of general regulations that apply to law firms, such as anti-money laundering. Easy-to-use templates, precedents, policies and checklists are supported by guidance notes to help firms focus on earning fees or managing their business, while reducing the risk of failure to comply.”



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

Know your client checks – A lesson from BHS

Paul-Bennett for Legal Futures

As you will be aware, it is a legal requirement for advisory firms to carry out ‘know your client’ checks. The purpose of doing so is to confirm your client’s identity and to seek to provide protection in respect of anti-money laundering (AML) and terrorist financing laws. The BHS experience before the House of Commons’ work and pensions committee and business, innovation and skills committee shows that firms need to think beyond AML obligations.

September 29th, 2016