The importance of compliance and its benefits for your law firm

By Legal futures Advanced Associate

The UK has remarkable governing bodies and regulations, especially in the legal sector. Many of these regulations come from institutions such as the Solicitors Regulation Authority (SRA), HMRC and many others. A practice and case management system can help you properly meet all obligations arising from extensive legal industry regulations, ensuring you are fully compliant and reducing your liability risk to an absolute minimum.

The Benefits of Regulatory Compliance

There are constant changes in the regulatory environment. Keeping up to date with legal compliance can seem like a daunting task, especially when there are regular updates, and keeping up to date can take time and financial resources. A practice and case management system will help you anticipate change, adapt to it and improve your efficiency.

Compliance will help protect your law firm’s status and brand. Having even a single non-compliance violation against you can be catastrophic, whether it’s reputational damage or loss of brand trust. In the worst case, your license may be revoked, implicating your trading.

A regular compliant system will also improve efficiency within the business by providing regular updates, reporting on business activity and streamlining business processes.

At Advanced, we are your legal software partner

Click here to learn more about how our ALB and P4W, practice and case management systems can help law firms stay compliant and improve work efficiency.

Over 5,000 law firms and barristers’ chambers across the UK trust us to stay one step ahead. As legal procedures become increasingly digitized, our solutions are designed so that you can not only meet the challenge, but also go beyond and use the software possibilities to maximize efficiency, ensure security and compliance and facilitate the daily.

For more information on our advanced practice and case management system, click here.