COLP Help

A new way to outsource compliance

Let our experts guide your COLP and COFA through the risk and compliance maze.

Expert, practical advice

Peace of mind – fully auditable systems

Save 5-10 hours per month

Simple monthly retainer

Why Choose Us

Our monthly retainer service helps firms work smarter

The SRA will not allow you to outsource the COLP and COFA roles. However, it makes perfect sense for you to outsource most of the compliance work, whilst retaining oversight and control. Which leaves you free to run your business.

Experts you can trust

Our risk management consultants are experts in their field.

Personalised service

We understand the challenges and anxieties that regulation brings.

Peace of mind

Everything we do is about making your life easier.

Our Services

Learn more about our services

Frequently Asked Questions

We have the answers for you

What is the typical set up under the COLP Help model?

  • Analysing the business and its key risks
  • Auditing current systems and practices
  • Identifying compliance gaps
  • Recommending new systems and practices, if required
  • Preparing an audit report
  • Updating or re-drafting the Office Manual
  • Providing or recommending training for staff and compliance officers
  • Setting up recording and evidence-capture systems
  • Preparing a Compliance Plan

What does the typical ongoing work under the COLP Help model include?

  • Monthly compliance and risk management meetings
  • On-call for compliance questions and emergencies
  • Assistance with reporting breaches
  • Assistance with dealing with your regulators
  • Maintaining and updating systems and records
  • Ensuring that policies and procedures are working effectively
  • File audits
  • Training and briefing
  • Assistance with practising renewals

Who do we help?

Every law firm is different, which is why a standard ‘check list’ approach to compliance will not work. We will work closely with you to put in place risk management systems and controls that fit your business.

Our clients range from large international practices to small law firms. COLP-help suits any firm that:

  • Does not have its own compliance team, and solely relies on the COLP and COFA
  • Has a compliance function, but would benefit from external expertise and scrutiny
  • Wants to demonstrate a commitment to risk and compliance to insurers, regulators and staff
  • Has had ‘near misses’ or other cause for sleepless nights

How much does it cost?

This is a bespoke and personal service. We will be as helpful as humanly possible, to make sure your firm is managing its risks effectively. Take a look at our Customer Charter.

For smaller firms the service is likely to cost around 5 hours of your COLP’s charge out rate per month. For larger firms we will assess your likely needs and price accordingly.

What is our business case?

We think it makes good commercial sense to invest in compliance and risk management. If you aren’t tied up in systems and procedures, then you are free to generate more fees, deliver excellent service and run your business effectively.

Those firms who have found themselves on the SRA’s radar will recognise the financial and reputational damage that can be caused by unwanted regulatory attention.

Compliance will continue to be an ongoing cost of doing business in the profession, whether that comes in the form of lost fee-earning time, recruiting compliance specialists or getting external help and support.

Reviews

What our clients say

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