On-Boarding and Risk and Compliance
On-boarding new customers and adhering to risk and compliance requirements that can vary from jurisdiction to jurisdiction, is a complex area for law firms encompassing;
-
Client Onboarding: incorporating conflict of interest checks, data gathering, agreeing terms and conditions, taking monies on account and the avoidance of data duplication.
-
Compliance with financial regulations: Adhering to anti-money laundering (AML) and know-your-customer (KYC) requirements.
-
Managing risk: Identifying, assessing, and mitigating potential legal, operational, financial and reputational risks that may arise during the course of legal practice.
-
Customer Relationship Management: Quoting for and converting new customer enquiries into chargeable revenue.
If required, Hindsight Legal Consulting can provide help and guidance to assist with system selection and implementation.
Contact us on +447507971296 or at enquiries@hindsightlegal.com