The UK’s largest independent legal software provider, Eclipse Legal Systems, is set to launch a dedicated COLP and COFA toolset.
As of 1st January 2013, authorised legal services firms must have a Compliance Officer for Legal Practice (COLP) and a Compliance Officer for Finance and Administration (COFA). The COLP will be responsible for ensuring their firms’ compliance with all its regulatory obligations, while the COFA will be responsible for ensuring compliance with the SRA Accounts Rules.
Eclipse’s new compliance toolset will be a fully integrated feature of the Proclaim Case and Practice Management System, assisting with the extensive obligations required by the SRA. Among the tools that Proclaim users will have access to are:
Russell Thomson, Chief Business Executive at Eclipse, comments on the development:
“The perception for many firms is that setting in place systems for compliance will present a huge overhead in terms of expense and resource. By using the Proclaim toolsets we are providing, risk is better managed and the role of the COLP and COFA becomes less onerous.”Published Sep 11, 2012