Annual compliance support: an external team for firms without a full-time compliance officer
Summary
The article promotes annual compliance support packages for law firms that do not have the capacity or scale to justify a full-time compliance officer. It emphasises a risk-based approach aligned to the SRA Standards and Regulations, starting with a firmwide gap analysis and then tailoring ongoing support, documentation and training to the firm’s needs.
Why it matters
For residential property surveyors working with legal professionals, this highlights the compliance pressures on conveyancing firms that may affect transaction management, evidence requests and regulatory readiness. It is also relevant where surveyors interact with firms seeking stronger file processes, risk controls or accreditation.
Key points
- Targets firms where COLP/COFA duties are combined with fee earning or management roles
- Begins with a firmwide risk and compliance gap analysis
- Focuses on documented, risk-based policies, procedures and reasoning
- Includes support for file reviews, training and regulatory change
- Aims to provide external challenge and predictable annual cost
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
