SRA Reports in London
Maintaining Compliance and Professional Standards
To meet all the requirements of the Solicitors Regulation Authority (SRA), our team of experts is here to help you. In the legal profession, we act as advisors and know how important it is to uphold the best ethical practices. We offer our services to assist you in managing your firm in compliance with the SRA regulations and other legal provisions.
Providing SRA Reports Services
SRA Report Services
Our experienced accountants are here to provide your annual AR1 report following the Solicitors Regulation Authority’s Accounts Rules. Our accountant assesses your firm with all the accounting and internal controls over client money and anti-money laundering options. We will give a clear and easy-to-understand AR1 defining all the areas which require assistance.
Expert Guidance
Experts at Walden Way & Co will provide all the SRA Solicitor Audits to make sure all the funds are protected. For a smoother audit experience, get in touch with us.
Our SRA Report Services
At Walden Way & Co, we offer a wide range of services to meet the specific needs of law firms in London.
1. Annual SRA Compliance Reviews
Our team provides a comprehensive annual check to guarantee that your firm complies with SRA rules. We review your internal policies and procedures and your approach to client money management to determine compliance issues and how these can be resolved. These reviews are important for compliance with the SRA registration of your firm and to prevent disciplinary measures.
2. Client Money Handling Audits
The proper management of client money as provided by the SRA rules is important to ensure that the clients have confidence in the lawyer and to avoid running foul of the rules. Our specialists conduct thorough checks of your client accounts to guarantee that all the funds are handled appropriately and with disclosure.
3. Anti-Money Laundering (AML) Compliance
As the focus on anti-money laundering has grown recently, law firms must have effective AML measures. Our professionals will evaluate the AML measures in your firm, suggest ways to enhance compliance and guarantee that your activities meet the current SRA requirements. We assist you in reducing the likelihood of financial crime and safeguarding your firm’s reputation.
4. Solicitors Disciplinary Tribunal Support
Our team offers assistance in case of a referral to the Solicitors Disciplinary Tribunal (SDT). We provide consultancy on approaching and preparing for a tribunal hearing, checking results, and handling SRA investigations. The objective is to assist you in obtaining the most favourable result, whether to justify your firm’s behaviour or to show the remedial steps that have been taken.
5. SRA Regulatory Changes and Training
It is important to keep up-to-date with the current SRA rules and regulations to continue to comply. We offer frequent newsletters and training sessions adapted to your firm’s requirements so that your staff remains current. Some areas we train include client care, conflict of interest, and data protection under the SRA guidelines.
How to Contact
If you are based in London and want SRA Reports services, then please contact us without hesitation. We at Walden Way & Co are prepared to assist you in understanding the challenges of SRA regulations so that your firm complies with all legal requirements and acts as a model of professionalism.
What Are SRA Reports?
SRA reports are legal documents that are mandatory and used by the Solicitors Regulation Authority to oversee the operations of solicitors and firms. They are an independent assessment of a firm’s compliance with the SRA rules and regulations in relation to certain aspects such as client money, AML policies, and professional conduct.
SRA reports on a regular basis would assist in ensuring that your firm is not violating the standards of service that the SRA expects of it and safeguarding your firm and your clients from any regulatory pitfalls.
Contact Us
We’re here to assist you with all your SRA Report’s needs. Please fill out the form below, and one of our certified chartered accountants will get back to you soon.