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Although COFAs often hold senior positions and play an essential role in a firm’s financial and regulatory integrity, the perception of the compliance function itself is still evolving.

iCOFA – The COFA Institute is part of The Institute of Legal Finance & Management (ILFM) which is the leading education and membership organisation in the legal sector, supporting legal finance, compliance, and practice management professionals across England, Wales, & Northern Ireland.… Read More

The departure of a compliance officer for finance and administration (COFA) can create immediate regulatory headaches for any law firm regulated by the SRA.

The announcement by HM Treasury that it wants to see “clearer and more proportionate” Money Laundering Regulations has been met with cautious optimism across the legal sector.

Working in legal finance and compliance can be a lonely experience. Many professionals in this field can find themselves feeling isolated, dealing with unique challenges that colleagues in other departments may not fully understand or appreciate.