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COLP & COFA Support Service

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 (COLP) under the SRA Authorisation of Firms Rules.

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, SRA Code of Conduct for Firms, SRA Code of Conduct for Solicitors, 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 £195 per hour + VAT)
  • A free place on one of our 3 hour accredited CPD training courses for either the COLP or the COFA or their 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 - £950 + VAT
2 - 4 Partner Firms - £1,250 + VAT
5 - 9 Partner Firms - £1,750 + VAT
10+ Partners & ABS - £2,500 + 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 0330 223 5346 or contact us by e-mail.

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