Casting a Legal Eye over Compliance and Risk Management

Casting a Legal Eye over Compliance and Risk Management

Compliance, it is a crucial part of running a law firm and covers many different areas.  There is so much that law firms have to implement and keep up to date, therefore it is a challenge ensuring they are fully compliant and remain compliant.  Not being proactive about compliance is an issue that can have far reaching effects.  Legal Eye Ltd is turning that around.

Legal Eye Ltd, launched 3 years ago, is the innovative brainchild of Jaunita Gobby, Director, who has played a leading role in developing best practice and risk management. 

Legal Eye works with law firms, ensuring compliance and optimising performance, utilising their extensive knowledge of the law and regulations to ensure law firms are compliant.  Files are audited in order to ensure firms are complying with the Code of Conduct and other regulations including the Equality Act 2010, the EU Commerce Directive and the Bribery Act
Jaunita commented:
“I saw a gap in the market for a consultancy covering England and Wales, Scotland and Northern Ireland, specialising in all areas of legal consultancy and providing the precedents and training as a package that is therefore the complete solution for law firms.”
With extensive experience in the Legal Services Industry, Jaunita has previously headed up a remortgage transactional services department in a UK Property Legal Services Company with responsibility for best practice, service reviews and the auditing of over 350 law firms.
Working with Jaunita is Priya Anand Patel, Senior Associate, who joined the team in January this year. Priya’s insight into legal practice provides an excellent footing in optimising best practice and performance, assisting a wide range of firms.
Recent additions to the team are:
Julie Goygh — an associate member of the Institute of Legal Executives and a trained Lexcel Assessor, Julie now specialises in Lexcel Accreditation, compliance and file reviews, utilising her wealth of experience and knowledge as an Assessor to the benefit of Legal Eye’s Clients.
Virginia Bevan — dedicated to working within accounts in the legal sector, Virginia is an associate member of the Institute of Legal Finance and Management and works with law firms on compliance with Accounts Rules.   A key part of Virginia’s role is assisting with the implementation of new controls and systems, particularly relating to COFA procedures and interest policy requirements.
Rachel MacLeod — as well as founding Pencil Case, a flexible secretarial service for law firms, in 2010, Rachel provides secretarial and administrative support to Legal Eye.
Law firms need to show a proactive approach towards risk management and Legal Eye, as part of its exceptional customer service and unbeatable work quality, can offer clear and practical advice to assist law firms with things such as Best Practice, Risk Management, Compliance of the Code of Conduct, Lexcel Accreditation, CQS Applications, Client Relationship Management and Business Development.
Senior Partner at O’Neill Patient Solicitors, Les Patient, says:
“Legal Eye was tasked to deal with providing us with a tool to update our staff in respect of Money Laundering and ID training. The presentation that Legal Eye prepared was easily understood by all our staff and kept their attention. We were very pleased with its value and with the care and attention that Jaunita gave to it.”
While Richard Carter, Partner at Martin Tolhurst Solicitors had this to say:
"Jaunita is the best external consultant we have used. She has helped us obtain our Lexcel accreditation and ensured we are fully briefed and updated on all of the changes to SRA regulations. Her file reviews are thorough, practical and constructive. Jaunita has given us practical advice and suggestions that can actually be implemented. She is always prompt in dealing with any query and professional in of all her work." 
Jaunita adds:
“Legal Eye is growing and we are expanding the team with consultants who will form strong relationships with firms and become part of their teams.”
For more information about Legal Eye Ltd you can visit the website here.

Legal Eye

Legal Eye works with law firms to ensure compliance and optimise performance. Their extensive and thorough knowledge of the law and regulations will ensure your law firm is compliant and your processes sound. Files are audited to ensure you are not only complying with the service level agreements you have in place, but very importantly, also the code of conduct.

They provide a documented audit trail which is firstly, a requirement of the code of conduct and secondly, essential for PI Insurance purposes and very often for CQS, Lexcel and other quality accreditations. This provides documented evidence of a proactive approach towards risk management. The advice they offer is clear and practical, and they pride themselves on exceptional customer service and unbeatable work quality.

Services include:

  • Specialist expertise across the full range of regulatory, risk and compliance issues to inform your internal decision making.
  • Additional qualified resource where you simply do not have the time to review your regulatory position or to carry out essential ongoing tasks such as file reviews.
  • An online risk hub –  an online resource centre for law firms. The hub provides a comprehensive bank of resources to help COLPs, COFAs, partners, directors and managers to manage risk. It includes precedent policy and procedure documents and templates, access to online training on a range of risk and compliance topics, and a range of useful materials such as ‘how to’ guides, short videos and articles.
  • Drafting and review of key policies and procedures including the supply of ‘document packs’ to save you time researching and writing documentation.
  • Expert advice on how to comply with up-to-date regulation including the very latest requirements complete with a written set of recommendations.
  • Specialist outsourced complaints  handling service provided by former SRA and LeO officers.
  • Gap analysis of your firm’s policies, processes and procedures as they relate to the Solicitors Accounts Rules (SAR) including the production of a written report summarising the strengths and weaknesses of the current arrangements and detailing recommended next steps and actions to put your firm in an even stronger position.
  • Training on SAR and on anti money laundering (AML) as well as other finance-related training which can be delivered virtually for your firm, face-to-face (subject to government guidance) or online via Legal Eye’s Training Academy.
  • A Standard Procedures Manual to provide a practical and comprehensive roadmap for firms to follow when looking to double check whether the current operating procedures are fit for purpose, setting up a new firm – or arm of a firm – or starting a new finance function from scratch.
  • Experienced advice and support for one-off projects such as achieving quality accreditations or switching regulators.
  • Proven high quality training for fee earners and staff held at your office/s covering essential risk topics such as  Anti Money Laundering, data  protection, cybercrime, conflict of  interest and more.
  • Online training from The Legal Eye Academy – core modules available to all staff at their convenience. Includes built-in auto reminder functionality so that you no longer have to chase staff indi-vidually to complete important training. Your package includes free updates to ensure knowledge is always up to date.
  • Added value updates by email to all your key people covering all the latest updates on risk and compliance.

The Legal Eye team includes former solicitors, partners and directors in law firms; former case handlers at regulators such as the Solicitors Regulation Authority and the Legal Ombudsman and experienced risk and compliance professionals.

Contact: Paul Saunder

Tel: 0203 0512 049

Email:  [email protected]

The Old Grammar School
Church Road

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