Advanced: The importance of compliance and how it benefits your law firm
The United Kingdom has noteworthy 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 & case management system can support you to properly fulfil all the obligations that ascend from the extensive regulations within the legal sector, ensuring you are fully compliant and reducing your liability risk down to the absolute minimum.
The Benefits of Regulatory Compliance:
There are constant changes in the regulatory environment. Keeping up to date with legal compliance may seem like an up-hill task, particularly when there are regular updates and keeping up to speed can take time and financial resource. A practice & case management system will help you to anticipate changes, adapt to them, and improve efficiency.
Compliance will help safeguarding your law firm’s status and brand name. Having even one noncompliance breach against you can be catastrophic from reputational damages to brand trust loss. In the worst cases, you can have your license voided, implicating your trading.
A regular compliant system will also improve efficiency within the business on providing regular updates, reports on business activity, and streamlining business processes.
Here at Advanced, we’re your legal software partner
Click here to find out more about how our ALB and P4W, practice and case management systems can help law firms to stay compliant and improving work efficiencies.
More than 5,000 law firms and barristers chambers across the UK trust us to keep them ahead of the curve. With legal procedures becoming ever-more digitised, our solutions are designed so you can not only meet the challenge but go beyond it and utilise software powered possibility to maximise efficiency, ensure security and compliance and make the day-to-day easier.
For more information about our Advanced Practice & Case Management system click here.
