2024-04-16 08:19
In a recent update, Companies House reminded businesses that it will introduce an identity verification process to help deter those wishing to use companies for illegal purposes.
While th… Read More
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Compliance Services For Law Firms | London, United Kingdom | The Strategic Partner Blog
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The Strategic Partner is a law firm consultancy and compliance business providing essential support to law firms.
We offer a range of services and consultancy tailored to the Legal sector. We have gained a wealth of knowledge and experience in the overall management of law firms.
Our services and solutions are built for law firms and focused on working with firms to achieve profitable, efficient and compliant environments.
Our goal is to become a valued and respected partner to the law firms we work with providing high-quality services and solutions at all times.
2024-04-11 15:17
The Solicitors Regulation strikes again and sues yet another firm after discovering failures in standard anti-money laundering measures. Austen-Jones Solicitors, located in South east London… Read More
2024-04-08 14:37
We are pleased to announce that The Strategic Partner (TSP) will be attending the upcoming Bournemouth & District Law Society Compliance Conference on Wednesday, 3 July 2024, – fro… Read More
2024-03-28 08:30
1. Introduction
According to a recent report by The Law Society Gazette, a woman has been found guilty of being involved in large scale money laundering involving cryptocurrency transact… Read More
2024-03-26 10:07
1. Introduction
Another wave of fines recently published by the SRA underscores the recent news that the regulator has been intensifying its scrutiny of solicitors’ compliance with… Read More
2024-03-19 11:57
1. Introduction
In a significant turn of events, the Solicitors Regulation Authority (SRA) has faced a substantial setback in its pursuit of the world’s largest law firm by headcou… Read More
2024-03-14 10:37
1. Introduction
An article published in The Law Society Gazette has highlighted the increasing number of sanctions the Solicitors Regulation Authority (SRA) is imposing for anti-money la… Read More
2024-02-21 11:28
Have you recently audited your client care letters and terms and conditions? It is essential to evaluate these documents to ensure that all appropriate information has been included to prote… Read More
2024-02-14 14:13
Further to our recent article regarding compliance with advertising cookies regulation, we can provide tailored support and guidance to help firms stay up-to-date with online legal requ… Read More
2024-02-12 09:59
In a recent update, Stephen Almond, Executive Director of Regulatory Risk at the Information Commissioner’s Office (ICO), underscores the significant strides made in achieving com… Read More
2024-02-01 11:24
This article is written to summarise the Solicitors Regulation Authority’s (SRA’s) guidance and to offer some practical solutions for Firms.
The SRA has provided guidance on h… Read More
2024-01-25 15:27
Introduction
Law firms are subject to strict regulations that govern their management, supervision, and operational procedures. Therefore, law firms need to establish policies, proc… Read More
2024-01-19 12:32
Introduction
The legal industry continues to encounter new challenges and regulatory changes. As such, firms are seeking more efficient working processes and evaluating the cost of runnin… Read More
2024-01-17 15:40
Introduction
In a recently published case, a law firm has been fined £23,216 by the Solicitors Regulation Authority (SRA) for Anti-Money Laundering (AML) failures. The fin… Read More
2024-01-12 16:37
1. Introduction
Law firms face numerous challenges and regulatory scrutiny. At The Strategic Partner, we understand the pivotal role that a Detailed Firm Strategic Review plays in unlock… Read More
2024-01-08 12:35
Does your business prioritise sustainability?
In today’s fast-paced business world, the need for sustainability has become more crucial than ever. As companies strive to reduce thei… Read More
2023-12-19 12:51
Partners Insights – December 2023
Please use the arrows to flick through our latest insights. You will find the contents of this newsletter below.
View or download the PDF of this new… Read More
2023-12-12 11:18
1. Introduction
A law firm was recently fined £7900 plus £600 investigation costs by the Solicitors Regulation Authority (SRA) for regulatory failures related to the Money… Read More
2023-11-28 16:23
Introduction:
Maintaining up-to-date knowledge and adherence to regulatory changes is crucial for the seamless operation of your practice. In this edition, designed to provide you with usef… Read More
2023-11-28 11:44
1. Introduction: National Law Firm Fined for Failing to Comply with AML Regulations
A large national law firm has been fined over £100,000 plus £1,350 in investigation cos… Read More
2023-11-23 12:33
1. Introduction: SRA Fines Firm £3,800 Plus Costs
With the regulator considering automatic fines for money laundering regulation failures and their updated approach to issuing… Read More
2023-11-16 10:51
1. Introduction: Legal Ombudsman highlights importance of transparency pricing information.
The Legal Ombudsman (LeO) has recently updated its guidance for lawyers, highlighting the importa… Read More
2023-11-09 15:47
1. Introduction: Firms Still Failing to Meet Transparency Requirements
The transparency regime, initiated by The Solicitors Regulation Authority in 2019, aimed to enhance openness in… Read More
2023-10-25 08:41
1. Introduction
The Law Society Gazette recently published a notice suggesting that the SRA might extend automatic fixed penalties to anti-money laundering (AML) regulation breaches… Read More
2023-10-23 08:00
1. Introduction
In recent years, cybercriminals have increasingly targeted law firms due to the wealth of sensitive information they possess. A firm’s data consists of confident… Read More
2023-10-19 12:32
1. Introduction
At The Strategic Partner, we recognise the significance of self-regulation for law firms to avoid potentially significant fines resulting from solicitor misconduct. A recent… Read More
2023-10-18 14:51
Partners Insights – October 2023
Please use the arrows to flick through our latest insights. You will find the contents of this newsletter below.
View or download the PDF of this news… Read More
2023-10-06 14:51
1. Introduction
Developing a successful succession and exit plan is crucial for any law firm’s long-term sustainability and growth. Furthermore, not having a plan for the future of yo… Read More
2023-09-20 09:54
1. Introduction
In an overview of an ongoing tribunal published recently by The Law Gazette, a solicitor accused of posting “inappropriate and offensive” tweets, some of which a… Read More
2023-09-18 08:53
A high reliance on physical documents means that a law firm’s printing processes must be as streamlined as possible. A secure, time and cost-saving solution, with no faff… we c… Read More
2023-09-15 08:16
Introduction:
Maintaining up-to-date knowledge and adherence to regulatory changes is crucial for the seamless operation of your practice. In this edition, designed to provide you with usef… Read More
2023-09-11 08:14
1. Introduction
Research published by accountancy firm Hazelwoods indicates that the UK has seen a 23% increase in law firm mergers in the past year, rising from 99 in 2021… Read More
2023-09-07 08:49
1. Introduction
With the regulator’s new fining powers and an updated approach to issuing financial penalties for proven misconduct, a recently published decision by the Solicitors Re… Read More
2023-08-25 08:45
Case Analysis: How did XBundle assist in a claim that exceeded 40 million?
Data Collection
In March 2022, XBundle were pleased to be instructed on behalf of Macfarlanes in a matter that inc… Read More
2023-08-21 09:10
1. Introduction
The Chartered Institute of Legal Executives (CILEX) has announced its intention to proceed with transferring the regulation of its members to the Solicitors Regulation… Read More
2023-08-14 10:45
1. Introduction
The Solicitors Regulation Authority (SRA) is the largest regulator of legal services in England and Wales, covering around 90% of the regulated market. They oversee mo… Read More
2023-08-11 13:52
1. Introduction
A leading firm is to face the Solicitors Disciplinary Tribunal (SDT) as a result of allegations of breaching money laundering regulations.
2. Clyde & Co. at… Read More
2023-08-02 11:07
1. Introduction
The Solicitors Regulation Authority (SRA) has recently produced an updated Sectoral Risk Assessment (SRA) on Anti-money laundering (AML) and terrorist financing (24th… Read More
2023-07-24 08:57
1. Introduction
Recent developments in financial crime have highlighted the critical role of robust money laundering processes and procedures for law firms. For instance, a case invol… Read More
2023-07-13 15:19
Introduction
In a recent ruling, the Solicitors Regulation Authority (SRA) published its decision to impose a financial penalty on a firm for failing to adhere to key compliance requiremen… Read More
2023-07-13 14:01
Introduction
Although precise figures are not available, the United Kingdom’s National Crime Agency (NCA) maintains that there is a significant likelihood that the annual impact of mo… Read More
2023-07-11 09:07
Introduction
The roles of the Compliance Officer for Legal Practice (COLP) and Compliance Officer for Finance and Administration (COFAs) are crucial in ensuring that law firms adhere to the… Read More
2023-07-07 15:06
Introduction
A law firm employee (who was not a solicitor) has been individually fined by The Solicitors Regulation Authority (SRA) for breaching obligations under Regulation 28(11)(a) of t… Read More
2023-06-29 13:40
Partners Newsletter June 2023
Use the arrows to flick through our latest Partners Newsletter.
The post Partners Newsletter June 2023 appeared first on The Strategic Partner Read More
2023-06-13 11:05
According to a public notice issued by the Solicitors Regulation Authority (SRA), and as highlighted in The Law Gazette recently – 9th June 2023 – a solicitor has been penalised… Read More
2023-06-07 14:00
More Favourable PII Premiums Could Be on The Way- But Firms Should Act Now
1. Introduction
Law firms that are planning to renew their Professional Indemnity Insurance (PII) this Autumn ma… Read More
2023-05-26 15:37
1. Introduction
The Solicitors Regulation Authority (SRA) continues to intensify its efforts to ensure that legal professionals adhere to anti-money laundering (AML) policies. In the… Read More
2023-05-22 15:45
About Us
During the course of the month, we have published a number of articles in which we discuss regulatory issues directly relevant to law firms and industry professionals. In this mont… Read More
2023-05-19 14:27
Cyber risk management: 6 reasons why you need independent assurance
Cyber breaches are not acts of God. They are preventable, provided you have taken the right steps to protect your firm fr… Read More
2023-05-17 06:48
1. Introduction
Law firms, like any other business, need to identify their niche in the marketplace and construct their strategy accordingly. However, this doesn’t just extend… Read More
2023-05-16 11:20
1. Introduction
Announcements from the SRA earlier this year confirm that the regulator will take a more proactive and robust approach to assessing continuing competence. From this su… Read More
2023-05-09 15:55
In light of the Coronation of King Charles III at the weekend, we have taken the opportunity to consider how much has changed in Conveyancing since the coronation of Elizabeth II in 1953… Read More
2023-05-02 08:33
1. Introduction
The Solicitors Regulation Authority (SRA) has been granted approval by the Legal Services Board (LSB) to make amendments to its rules regarding health and wellbeing.
U… Read More
2023-04-28 09:33
1. Introduction
The Solicitors Regulation Authority recently expressed concerns over the increasing number of firms failing to meet their obligations under the Account Rules. In… Read More
2023-04-25 11:53
1. Introduction
A robust records management strategy is crucial for law firms due to the volume of sensitive documents they handle, such as agreements, instructions, and case notes. E… Read More
2023-04-18 14:37
The UK government has proposed an amendment to the Economic Crime and Corporate Transparency Bill, which would create a new offence of failure to prevent fraud. The amendment requires orga… Read More
2023-04-06 13:16
Introduction
With the advancement in technology, cyberattacks have become more prevalent and sophisticated. Subsequently, this has led to increased data theft incidents that can have seve… Read More
2023-04-05 15:04
Inside this issue
Playfair Partnerships
MITIGO Cybersecurity
Browns recruitment group
ntitle Solutions
XBundle
Bluebird
DNS Document Network Services
EzeScan
PracticeEvolve
FireTap
Comms Co… Read More
2023-03-28 15:29
1. Introduction
The Economic Crime Bill, currently going through Parliament, will likely increase regulatory expectations and greater scrutiny, with the Solicitors Regulation Authorit… Read More
2023-03-24 11:03
At The Strategic Partner, we provide outsourced compliance solutions for several firms. Although cybercrime is prevalent across the industry, since 1st March 2023, we have had four reported… Read More
2023-03-23 10:23
Law firms rely on their reputation, hold lots of confidential and valuable information belonging to their clients, and handle financial transactions. This combination makes them the ideal t… Read More
2023-03-21 17:38
1. Introduction
The Office of Financial Sanctions Implementation (OFSI) has recently released an announcement with updates to its Enforcement and Monetary Penalty guidance to include… Read More
2023-03-20 13:18
Costs of employing in-house staff compared to outsourcing
As an employer, you have responsibility for paying salary, Employer’s National Insurance Contributions and pension contributi… Read More
2023-03-10 11:43
1. Introduction
In line with the 2022 Money Laundering and Terrorist Financing (Amendment) (No.2) Regulations, firms must ensure they are aware of upcoming changes that will imp… Read More
2023-03-07 16:40
In March 2023 ntitle celebrate three years since its launch and its safe to say, that today’s ntitle is completely different to the ntitle of 2020, at the start of the pandemic.
ntitl… Read More
2023-02-27 10:32
1. Introduction
Recent announcements from Companies House have detailed various changes firms should be mindful of, including those that will affect small or micro companies. One of the mos… Read More
2023-02-24 09:20
A recent Solicitors Disciplinary Tribunal (SDT) case, in which a solicitor was fined £30,000 plus costs of £18,000 for a matter of misconduct committed in their private life, hi… Read More
2023-02-22 10:04
When I started my legal career with a local firm, the firm hired a legal secretary. The partner at the time told the secretary “You do know she’s [meaning me] a lesbian?”… Read More
2023-02-21 17:03
1. Introduction
Over the last few days, the Solicitors Regulation Authority has issued several announcements that the Law Society notes as having “far-reaching implications for solici… Read More
2023-02-17 14:45
Artificial Intelligence (AI) is essentially where technology is being used to mimic human behaviour and thought processes.
In recent years we’ve seen an increased number of legal supp… Read More
2023-02-10 13:57
The SRA has recently reminded firms that they must keep up to date with the regularly changing financial sanctions regime. Regulations were amended late last year (2022) to include a ban on… Read More
2023-02-06 12:05
1. Introduction
In the largest penalty handed out since the regulator increased its fining powers last year, an Oxfordshire Law firm has been fined £20,000. The Solicitors R… Read More
2023-01-26 15:09
1. Introduction
The Solicitors Regulation Authority has renewed its focus on fining firms for failing to meet transparency requirements. The regulator recently released details of three fin… Read More
2023-01-24 11:14
1. Introduction
The Solicitors Regulation Authority has been extremely vocal about their role as an AML supervisor, frequently stressing the importance for firms to take their obligations s… Read More
2023-01-17 16:32
The new register of overseas entities (ROE), created under the Economic Crime (Transparency and Enforcement) Act 2022, came into force on 1 August 2022. The ROE requires anonymous fore… Read More
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