Solicitors Regulation Authority (SRA)
Compliance & Risk Management for SRA Regulated Law Firms
Firms regulated by the Solicitors Regulation Authority operate within the SRA Standards and Regulations framework, with defined expectations around governance, professional conduct, client money, AML supervision and regulatory reporting.
Regulation & Compliance Office (RACO) provides structured compliance management and risk oversight for SRA regulated law firms. We work alongside managing partners, COLPs, COFAs and MLROs and MLCOs to implement proportionate, regulator-aligned systems that are documented, operational and defensible.
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SRA Compliance Services
Specialist Support for SRA Regulated Practices
We understand the operational realities of running a regulated law firm while maintaining regulatory control.
Our services are designed to ensure:
- The COLP/COFA/MLRO/MLCO are supported in their day to day duties
- Clear and current Policies, Controls and Procedures
- Effective AML and CTF frameworks
- Pragmatic and proportionate solutions are provided
- Structured risk management processes
- Documented complaints handling and reporting
- Ongoing monitoring and management of the risk and compliance strategy
- Our service is bespoke to your firm
- All staff are trained and have access to expertise when needed
- File reviews and reporting outcomes are performed regularly to guide the firm on any issues
We provide both framework implementation and ongoing operational support, depending on the size and complexity of your firm. We can work as an outsource partner or in conjunction with an internal compliance team or person.
Typical Organisations We Support
- Traditional Law Firms – Partnerships, Limited Companies and LLPs
- Sole practitioners
- Multi-office and national law firms
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Our SRA Compliance Services
Compliance Framework Implementation & Review
Development and maintenance of Policies, Controls and Procedures aligned to SRA Standards and Regulations.
AML & CTF Compliance
Firm-wide risk assessments, AML frameworks, Regulation 18 support, independent AML audit (where required) and training.
Due Diligence & Risk Assessments
Support with customer due diligence, enhanced due diligence and ongoing monitoring processes.
Regulatory Investigations & Reporting
Guidance on breaches and if they are reportable to the SRA. General breach assessment and regulatory engagement support. Handling SRA investigation and SDT prosecutions. Filing SRA forms and managing a firms SRA profile.
Complaints Management & Governance
Structured complaints procedures and compliance oversight to support regulatory expectations.
Wider Regulatory Compliance
Support in related areas including GDPR, data protection, Bribery Act compliance and employment regulations.
Quality Mark Management
Management of quality marks including Lexcel, SQM, CQS and Cyber Essentials.
Training
Our training courses are designed to be practical, clear and proportionate, enabling staff to understand not only the rules, but how they apply in everyday legal practice.
A Proportionate, Practical Approach
Our role is to support you and to NOT introduce unnecessary complexity. We focus on systems that are proportionate to your firm’s risk profile and capable of evidencing effective control.
Compliance must be demonstrable, not theoretical. We ensure your framework operates in practice and supports confident regulatory engagement and that you can provide clear evidence of compliance to the regulators.
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Who we work with
We support:
Whether compliance is a dedicated internal function or part of a wider leadership role, we provide the structure and support required.
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