COLP and COFA Support
The roles of the Compliance Officer for Legal Practice (COLP) and the Compliance Officer for Finance and Administration (COFA) are fundamental to the SRA’s regulatory regime. The COLP and COFA are at the centre of compliance throughout a firm and act as a focal point for the identification of risk.
It is the duty of the COLP and COFA to ensure compliance with the SRA Handbook and so it is essential they have access to the appropriate resources and the necessary practical support.
Supporting the COLP and COFA
Whilst a subscription to the Infolegal Compliance Hub will give all COLPs and COFAs access to the wide range of information they will find in the factsheets, guidance notes, manuals, checklists and procedures and online training, this may not be enough. Those who have specific problems, or who require practical assistance in setting up the procedures and processes necessary to undertake their role, may feel that access to our consultancy services is a more practical and cost effective way to address issues within the firm.
You may be just starting out as the COLP or COFA in your firm and are feeling unsure about the nature of your role or you may need assistance in putting in place procedures to address SRA requirements as the firm develops or changes its structure. In either case, Infolegal is here to help you to do so.
Drawing upon many years experience of assisting firms with compliance and practice management related issues, we are well placed to be able to help you and your firm. We have over the years helped firms of all types and sizes (from sole practitioners to multi-partner city firms) with a range of regulatory and practice-management related issues including reviewing procedures and policies, providing advice on setting up or moving to a different practice structure, putting in place systems for the COLP, COFA or MLRO, data protection, cybersecurity, legal aid, Lexcel support, compliance audits, regulatory compliance advice, SRA authorisations and much more.
Specific Services for the COLP & COFA
In addition to providing general support we can help you to address specific issues as they affect your firm, including:
- Assessing your current compliance arrangements to determine the extent existing policies and procedures are adequate,
- Help with putting in place policies and procedures to deal with all issues required by the SRA Handbook,
- Training for COLPs and COFAs as to what they need to do to meet their responsibilities and for other staff as to the duties and responsibilities which they face – delivered either in person at your firm or through our on-line training resources, or
- Access to our on-line factsheets and guidance notes through the Infolegal hub.
Please feel free get in touch with us. We will always do our best to get back to you as soon as possible and always within 1-2 business days.
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