Legal Compliance Support Ltd specialises in helping law firms remain compliant with the Solicitors Regulation Authority’s (SRA) stringent standards and regulations. Our  expertise not only safeguards litigation funders investments but also enhances the operational efficiency and legal compliance of the law firms they financially support.

Legal Compliance Support Ltd possesses a deep understanding of the SRA’s compliance requirements, including but not limited to the Code of Conduct for Firms, the Principles, and the Accounts Rules. This comprehensive knowledge ensures that law firms adhere to high professional standards, maintaining trust and integrity in the legal services they provide 

Mitigating Risk

Our services significantly reduce the exposure of your investment to legal and reputational risks. Non-compliance can result in severe penalties, including fines and legal action, which can detrimentally affect the financial stability and reputation of the law firms, and by extension, your investment.

Ensuring Operational Efficiency and Financial Health

We conduct audits and implement systems that ensure operational efficiency and compliance with financial regulations. This includes adherence to the Accounts Rules, which are crucial for maintaining the integrity of client money. By ensuring that law firms follow these guidelines, we help protect your loans from being impacted by financial mismanagement.

Technical Compliance and Data Protection

In today’s digital age, compliance with GDPR and other data protection laws is critical. Our consultancy assists law firms in navigating these complexities, ensuring that they manage sensitive client information securely, thereby safeguarding against data breaches and non-compliance penalties.

AML & CTF Compliance

We ensure that law firms adhere to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. This not only protects the law firms but also ensures that your investments are not inadvertently associated with illicit financial activities.

Continuous Monitoring and Support

Legal Compliance Support Ltd provides ongoing monitoring, training, and support to law firms, ensuring that they remain compliant with evolving regulatory requirements. This proactive approach not only enhances the law firms’ compliance posture but also positions your investments in a more secure and compliant environment.

Summary

In summary, partnering with Legal Compliance Support Ltd offers a strategic advantage by ensuring that the law firms you finance operate within the SRA’s regulatory framework, thereby protecting your investments from unnecessary risks associated with non-compliance.

Our audits will identify non-compliance which provides you with an early warning system, indicating things might not be right with the way the firm is managing claims. This will flag a potential problem before being reflected in the harder metrics you will also be monitoring. 

Our expertise in legal compliance, coupled with a proactive approach to monitoring and support, makes us the ideal partner for litigation funders looking to safeguard their financial interests in the legal sector.