We are pleased to announce an exclusive, time-limited promotion on our comprehensive firm-wide risk and compliance gap analysis.

Law firms booking our service before the end of February 2025 will benefit from a 20% discount, with the flexibility to conduct the analysis any time throughout the year.

Why a firm-wide gap analysis is needed

Recent regulatory actions highlight the growing scrutiny of law firms’ compliance practices, with several firms facing substantial fines for failing to implement robust firm-wide risk assessments (FWRAs).

High-profile cases include:

• Hill Johnson & Leo – fined £18,094 for non-compliance from 2017 to 2023
• Wrigley Claydon Solicitors – penalised £24,123 for not having a documented FWRA between 2017 and 2023
• A.R.K Solicitors – fined £6,000 for failing to maintain a compliant FWRA for five years
• Bevan-Evans & Capehorn Solicitors LLP – fined £4,000 for missing a money laundering risk assessment for over four years.

These enforcement actions emphasise the need for law firms to ensure their risk and compliance frameworks meet regulatory standards.

What’s on offer

Legal Eye’s gap analysis provides a comprehensive review of all aspects of risk and compliance, offering firms the insights needed to safeguard their operations and mitigate regulatory risks. Areas covered include:

• Company documentation
• Risk management framework (office manual)
• Registers
• Plans
• File reviews
• Other compliance requirements.

Following the review, firms will gain valuable insights across all compliance areas and be provided with a written report identifying any corrective actions recommended as a result of the audit.

Commenting on our latest offer, Paul Saunders, managing director at Legal Eye, said:

“Our firm-wide risk & compliance gap analysis provides legal practices with a crucial tool for ensuring their regulatory obligations are met. With this special offer, we’re making it even easier for firms to proactively and cost-effectively assess and address their compliance risks.”

The FWRA must be booked no later than 28 February 2025 to secure the reduced rate. However, with flexible scheduling, firms can take advantage of the audit any time before the end of the year.

To take advantage of this exclusive offer, email [email protected], call 020 3051 2049 or contact us here.