SRA Compliance Essentials
Practical, proportionate compliance support for law firms.
SRA Compliance Essentials gives you ongoing, specialist support to meet SRA Standards and Regulations and, where relevant, Anti-Money Laundering Regulations. It’s designed to give you peace of mind and free up time, while helping you evidence a robust compliance environment to the SRA and insurers.
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Compliance Services For Law Firms
SRA Compliance Essentials provides structured, ongoing support across the areas that matter most to managing partners, COLPs, COFAs and MLROs:
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Documented and current Policies, Controls and Procedures
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Firm-wide risk management and AML compliance
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Staff training and regulatory awareness
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Independent audit and reporting
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Ongoing advisory support
The service is designed to demonstrate a compliant environment, support insurer and SRA engagement, and reduce regulatory risk exposure.
Who is this service designed for?
SRA Compliance Essentials is appropriate for:
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Managing partners and firm owners seeking assurance that regulatory requirements are properly addressed
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Practice managers responsible for operational compliance
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COLPs, COFAs and MLROs requiring structured external support
The service is delivered to firms of all sizes, from sole practitioners to multi-office practices.
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For more information and costings
What is included?
Policy review, update and maintenance
We review your existing Policies, Controls and Procedures and update, replace or create documentation where required. All PCPs are maintained throughout the subscription period to reflect regulatory change, best practice developments and changes within your firm.
This includes documentation aligned to SRA Standards and Regulations, AML and CTF requirements, sanctions compliance, GDPR and data protection, and broader risk management obligations.
Annual firm-wide risk assessment (Regulation 18)
For AML-regulated firms, we conduct and document your annual Regulation 18 firm-wide risk assessment. Where firms undertake out-of-scope work only, a sanctions risk assessment is completed.
This ensures risks are formally identified, assessed and documented to support decision-making and regulatory compliance.
Annual compliance audit
The service includes an annual audit comprising file reviews and staff interviews to assess the implementation of your PCPs.
Audits can be delivered on-site or remotely. Additional audit days are available for multi-office firms or where higher volumes require extended review.
A written annual report is provided, summarising findings, actions and overall compliance position for senior management review.
Staff Training
Structured training presentations are delivered covering:
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SRA compliance and regulatory responsibilities
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AML, sanctions and risk management
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Your firm’s Policies, Controls and Procedures
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UK GDPR and data protection obligations
Training can be provided on-site or via live video sessions. Additional sessions can be arranged where required.
Registers, forms and compliance tools
The service includes practical tools to support consistent implementation, including notification forms, registers and structured checklists.
Registers typically cover areas such as complaints, conflicts, data breaches, SARs, undertakings, gifts and hospitality, training records and COLP/COFA monitoring.
Ongoing advisory support
Subscribers have access to a dedicated helpline for regulatory and compliance queries as they arise, together with regular briefings and newsletters outlining relevant legislative and regulatory developments.
Optional Add-on Services
CQS / CPMS documentation support
Lexcel or SQM aligned documentation and risk reporting
Insurance Distribution compliance (FCA requirements)
Regulation 21 independent AML audit
Website GDPR documentation (privacy, cookies, terms)
Cyber Essentials policy drafting and maintenance
SRA Transparency Code audit and wording support
HMRC Tax Adviser Registration
Download the Full Service Brochure
For more information and costings
Why firms choose SRA Compliance Essentials
A structured and defensible compliance framework
Independent annual audit and documented reporting
Ongoing maintenance of Policies, Controls and Procedures
Clear evidence of AML and risk management compliance
Direct access to experienced regulatory advisors
Looking for Complete, Outsourced Support?
Discover our Risk & Compliance Management Service.
For firms that require more than a structured framework and annual audit, our Risk & Compliance Management service provides complete day-to-day management of your compliance infrastructure.
This service builds on SRA Compliance Essentials and goes further. RACO becomes an operational extension of your firm, taking responsibility for the administrative management of compliance registers, notifications and reporting, while continuing to provide technical guidance and regulatory oversight.
Many firms begin with SRA Compliance Essentials to establish a robust framework, and then combine our Risk & Compliance Management service when they require ongoing administration, reporting and case-level support.
If you are seeking a fully outsourced compliance solution, we recommend discussing both services with our team.
Find out more
View the brochure
What this includes
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Ongoing maintenance of all regulatory registers
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Collation and review of staff notifications
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Investigation support and monitoring of live matters
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Direct guidance to staff on case-level compliance issues
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Monthly partner reporting with trend analysis and recommendations
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Active support for COLP, COFA, MLRO and Data Protection roles
Compliance officers retain accountability, but the operational workload is managed by an experienced compliance team.
This model is particularly suited to firms where compliance is not a full-time internal function, or where leadership requires greater oversight, reporting and control without increasing headcount.
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Contact Our Team
To ask any questions about the Regulation and Compliance Office and how we can support your Law Firm, please call us on 0203 985 8550, complete the online enquiry form below, or email us info@regulationandcomplianceoffice.co.uk