01/06/2026
When we begin working with sole practitioners across conveyancing and Probate, we often see the same compliance gaps repeatedly.
🔹First, firm-wide risk assessments that are either missing entirely or copied from templates that don't reflect how the practice actually operates. Your FWRA needs to assess your specific clients, services, and risks – not generic scenarios that could apply to any firm.
🔹Second, client and matter risk assessments that become tick-box exercises rather than meaningful evaluations. When you're managing the entire caseload yourself, it's easy to rush through customer due diligence. However, that's exactly when mistakes happen and regulatory exposure increases.
🔹Third, policies that exist on paper but aren't actually followed in practice. If your AML policy says one thing but you're doing something different day to day, you're exposed when the regulator reviews your files.
Sole practitioners don't have the luxury of delegating compliance to someone else. But you also don't need over-complicated systems designed for firms ten times your size.
You need practical, proportionate frameworks that work for how you actually run your practice. Follow our page and connect for more 🤝
