Lexcel

The Lexcel standard

Lexcel v6.1 is broken down into seven areas:

1. •

   structures and policies

2. •

   financial management

3. •

   information management

4. •

   people management

5. •

   risk management

6. •

   client care

7. •

   file and case management

To achieve accreditation, firms must demonstrate by way of an independent assessment that the standard is embedded into their firm's structures, policies and procedures.

Firms that achieve the standard are then assessed annually to ensure continued compliance.

The assessment process

There are four types of assessments:

1. •

   initial assessment

2. •

   year one annual maintenance visit (AMV)

3. •

   year two AMV

4. •

   full reassessment

For more guidance, see Practice Note: Lexcel—pre-assessment—Different types of assessment.

Applying