Get ready for 1 May CQS changes with support from Legal Eye
Legal Eye’s associates have been pouring over the changes to the CQS’s Core Practice Management Standards (CPMS) and are now offering firms a gap analysis so that management can clearly see where there are holes in the firm’s current systems vis a vis the new standards.
Available as a one-off purchase, a gap analysis is the ideal way for firms to create an action plan that will ensure the firm is compliant ahead of the 1 May implementation deadline.
Firms can also access support and guidance to help in adapting and developing policies and procedures – whether it is operational or system changes that are needed; or whether new policies or procedures need to be introduced.
One of Legal Eye’s experienced specialist advisers can be engaged to provide bespoke support (either at your office or via remote access); or firms can purchase standalone templates for the firm to complete on their own.
You can access a free comparison table highlighting the new elements which have been introduced to the CPMS and all of the areas that have been updated here.
The Law Society is also introducing on site visits to firms. These will be both practice and reactive. In addition the number of remote assessments of firms’ compliance systems will increase.
These visits are likely to be carried out by an independent assessment body although we await full details.
Firms who receive a visit will be provided with a corrective action report after the visit so that firms can continually improve. It is also anticipated that a greater degree of knowledge sharing will take place amongst the wider CQS community facilitated by the Law Society.
You can access a free comparison table highlighting the new elements which have been introduced to the CPMS and all of the areas that have been updated here
Please speak to one of our advisers for more details on how we can support you in preparing for the 1 May deadline. Contact Legal Eye for assistance or complete the form below for more information or to make an enquiry.
Important note: This service does not include any advice or guidance on the following requirements of the CQS CPMS:
• Requirement 1.2: Practices must have a policy in relation to Stamp Duty Land Tax (“SDLT”);
• Requirement 1.5: Practices must have a policy in relation to acting in a purchase of a leasehold property.
• Requirement 4.5: Practices must have a documented procedure for reporting matters to lenders.
These technical / legal requirements fall outside of the scope of risk and compliance.
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