Introducing a lighter touch approach to the regulation of charities sounds perfectly sensible in principle but it is far from straightforward, says Vicki Bowles
So you've been nominated as your firm's COLP or ?COFA – what next? Matthew Moore outlines the main ?steps for all firms to consider. The compliance plan will ?need to cover more than is listed in the handbook's ?guidance notes. Management standards such as ?Lexcel may well play a useful role
There are just fewer than 500 practices that have converted to LDP status since this ?format of practice became possible. Their special position has not received quite the ?same emphasis as the majority of more conventional law firms. Bronwen Still explains ?the situation they now find themselves in
The COLPline team considers some of the issues they are most frequently asked about, from outsourcing to avoiding conflicts in conveyancing instructions, and from money laundering to the obligation to act fairly ?to clients in non face-to-face situations