Governance structures

Good corporate governance will help to minimise risk and maximise your law firm’s profitability. Proper governance structures provide the necessary foundation on which to build and monitor corporate governance arrangements.

Regulatory requirements

You must have effective governance structures, arrangements, systems and controls in place to ensure, among other things, compliance by the firm, its managers and employees with the SRA’s regulatory arrangements and other applicable regulatory and legislative requirements.

For guidance on the SRA’s requirements, what is meant by governance and

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