Legal Precedents

A cashflow forecast matters only when it is consistently reviewed...

The monthly budget estimates the revenue entering the business and the monetary outgoings leaving each month, culminating in a forecast of net profit for the period......

Precedents This curated collection brings together worked examples for the following precedents listed: Annual budget—law firms Monthly budget—law firms Budget variance analysis—law firms Cashflow forecast—law firms Cashflow variance analysis—law firms Balance sheet forecast—law firms Collectively, these are commonly known as management accounts. Please note and be aware that our consolidated management accounts are produced in Excel, and therefore they cannot be downloaded into Word......

Please click to open a Word copy of this chart you can amend...

A that you can edit is available. Insert the firm's name...

We conduct our business [ es ] with honesty. Everyone must collaborate to keep our business [ es ] remain [ s ] free from bribery and corruption at all times. This form is vital to that aim. See also [ insert, eg our Gifts and hospitality policy ] . Use this form in all instances where a gift or hospitality is offered or accepted without exception [ over the limit of £[ insert amount ] ] .......

While it may look very similar, a cashflow forecast is different to an income and expenditure budget overall...

1 Description of outsourced services [ Describe the type of service delivered, eg digital transcription for the private client team ] 2 Outsourcing supplier [ Specify the outsourcing provider to which this entry pertains ] 3 Audit team Name Role [ List the individuals within your organisation who participate in the audit activity, eg head of dept, head of IT, senior PA, head of HR ] [ Add details of each individual’s responsibilities ] 4 Method of audit Audit methodology Select all that apply: Details of audit ☐ Physical inspection [ Provide particulars, eg inspection date(s), and whether visits were announced or unannounced etc ] ☐ Review of documents [ Note which documents were examined, eg information security policies and procedures, staff vetting policy etc ] ☐ Staff interviews [ Record the personnel consulted, eg DPO, Head of IT, X number of frontline staff etc ] ☐ Other [...

Kindly please complete and email this form to the [ insert details of person nominated to receive risk reports ]. If you would like to make an anonymous report, you can. Simply leave your name off the ' Person making report' section of this form and submit it by a non-electronic method, eg internal post......

1 Policy statement 1.1 The policy of [ firm name ] (‘the firm’) is to conduct its affairs in accordance with the highest professional standards. We pledge to act professionally, fairly and with integrity in every business relationship and transaction. This document explains how we manage undertakings. 1.2 The purpose of this policy is to: 1.2.1 outline our duties, and those of individuals working for us, in observing and upholding our position on undertakings; 1.2.2 provide information and guidance on how to deal with undertakings. 2 Definitions In this policy: 2.1 third party • means any individual or organisation you come into contact with during the course of your work with the firm—this includes actual and potential clients, other solicitors, suppliers, distributors, business contacts, agents, advisers, and government and public bodies including their advisers, representatives and officials, politicians, and political parties; 2.2...

This Precedent covers an annual budget, supplied in a spreadsheet format. It is designed for use by law firms...

This CDD client risk assessment form is designed to capture risks recognised within the anti-money laundering ( AML), counter-terrorist financing ( CTF) and counter-proliferation financing ( CPF) regulatory framework, alongside guidance from the appropriate regulators and any further risks highlighted by our firm-wide risk assessment ( FWRA). It is reviewed routinely to address emerging threats and at scheduled intervals. When completing this assessment, you must consult the separate Explanatory notes, available at Appendix 1. 1 Client and instructions Please read section [ insert ] of the Explanatory notes and enter your responses below. 1.1 All clients Client name [ Insert name ] Client reference number [ Insert number ] Is the client new or existing?......

1 Introduction Our policy is to ensure that, should our operations be disrupted, we restore full functionality at the earliest opportunity. In pursuing this, we seek to safeguard our employees, clients, and any other stakeholders we engage with. This document sets out the steps we will take in the event of a business disruption. If you have queries or concerns about this plan, please contact [ insert name of appropriate contact here ]. 2 Scope of the Business Continuity Plan ( BCP) 2.1 This BCP covers all personnel within [ every business unit OR insert which department(s) or office(s) the plan covers ]. 2.2 Situations that would trigger this plan include: flood; fire; theft; IT outage; communications breakdown (e.g. telephone system); partial or total loss of access to premises; severe weather; loss of critical staff; terrorism; cyber security or cybercrime incident; public health events such as a pandemic; [ [ insert other incident ]. ] 2.3 We have...

This form is for staff to notify the firm’s COLP or COFA of any suspected compliance breach. Every member of staff must swiftly disclose any facts or issues they reasonably believe could potentially amount to a compliance breach (see our Breach reporting policy for clarification). You do not need to be certain that a compliance breach has occurred—you only require a reasonable belief that something might amount to, or represent, a compliance breach......

All employees must notify any actions or failures to act that could result in a potential negligence claim against the firm. This applies even if you think the error can be remedied. All completed forms should be forwarded without delay to [ insert name of person nominated to receive forms ]......

1 Details of outsourcing arrangements Summary of the proposed outsourcing services: [ Insert details ] Nominated outsourcing supplier ( OS): [ Insert details ] Date the risk assessment was undertaken: [ Insert date ] Individual(s) approving the risk assessment: [ Insert name(s) ] 2 Client risks Risk: Outsourcing might not align with the best interests of every client Likelihood: ☐ Low ☐ Medium ☐ High Impact: ☐ Low ☐ Medium ☐ High Mitigation: [ Insert details ] Risk: Outsourcing could impede our duty to deliver a proper standard of client service Likelihood: ☐ Low ☐ Medium ☐ High Impact: ☐ Low ☐ Medium ☐ High Mitigation: [ Insert details ] ...

Please click for the register. Please note the register was produced in Excel, meaning it cannot be downloaded into Word. You should reflect on how details of gifts and hospitality are to be centrally recorded......

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Conflicts, confidentiality and disclosure policy Our Conflicts, confidentiality and disclosure policy explains our overarching approach to acting where conflicts may arise. We also provide guidelines for [ certain departments OR different types of work ]. These guidelines demonstrate how the policy might operate in varied scenarios, though they are not designed to be comprehensive or inflexible. For each matter addressed by the guidelines we must assess whether a conflict exists and, if it does, then whether we are able to act......

Option 1: Fixed referral fee wording Your matter was introduced to us by [ insert name of introducer ], for which we have paid a referral fee of £[ insert amount ]. Our relationship with [ insert name of introducer ] will not compromise our promise to: treat you fairly protect your best interests in all our dealings with you provide independent advice and ensure no one else influences that advice If you have any questions or concerns about our arrangements with [ insert name of introducer ], please do not hesitate to contact us......