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COLP and COFA Support Service

February 2014

Legal Finance Professionals Limited offer a dedicated support service for those appointed as a firm's Compliance Officer for Finance and Administration (COFA) or Compliance Officer for Legal Practice under the SRA Authorisation Rules 2011.

Subscribers will benefit from the following services -

  • Five hours complimentary confidential telephone/e-mail expert support covering compliance issues relating to the SRA Accounts Rules 2011 or SRA Code of Conduct, the COLP/COFA's reporting obligations and general legal accounting issues such as VAT related problems
  • Further support is charged at just 50% of our standard hourly rate (currently £175 per hour + VAT)
  • A free place on one of our 3 hour accredited CPD training courses for the firm's COFA or nominated deputy.
  • 25% discount against the cost of our accredited in-house CPD training courses
  • 25% discount against the cost of an SRA Accounts Rules Healthcheck or a full SRA Handbook Compliance Healthcheck
  • 25% discount for any employees attending any of our accredited scheduled public CPD training courses
  • Regular newsletter & e-alerts for COFA's

The annual subscription, which is dependent upon the size of the firm, is as follows -

Sole Practitioners - £500 + VAT
2 - 4 Partner Firms - £650 + VAT
5 - 9 Partner Firms - £900 + VAT
10+ Partners & ABS - £1,250 + VAT

Of course, this service is also available to the Head of Finance and Administration (HOFA) and Head of Legal Practice (HOFA) in an Alternative Business Structure (ABS).

For further information about our COLP/COFA Support Service call us now on 0845 6500 112 or contact us by e-mail.

If you would like us to keep you updated on the latest legal regulatory and compliance news, including the latest developments relating to roles of COLP and COFA, sign up for our FREE newsletter.

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