Vincents appoints head of risk and compliance
Vincents Solicitors has appointed Kate Burt as head of risk and compliance.
Kate, a nationally recognised compliance consultant, will take on responsibility for the firm’s regulatory compliance strategy and implementation, and risk management. The move puts a specialist in the key role, while freeing the directors to concentrate on their client work and the development of the practice.
Compliance is overseen by by the Solicitors Regulation Authority (SRA). The requirement exists to ensure the practice, its employees, its systems and processes all adhere to SRA rules, ensuring best practice and providing client reassurance.
Phillip Gilmore, managing director at Vincents, said: “The regulatory landscape is always changing and we believe these days requires an in-house expert to manage our requirements.
"It’s imperative for a firm growing at the rate we are, that we have experts leading every department, with the right skills and experience to support our expansion. Bringing with her a wealth of knowledge from working with law firms across the country, we are delighted to have secured Kate’s services.”
Originally a litigation solicitor for large insurer clients, Kate moved into compliance after identifying a growing need for specialists within the profession.
The regulatory landscape is always changing and requires an in-house expert to manage our requirements
She said: “Modern law firms are dealing with a constantly changing regulatory regime, and having in-house support provides instant access to expert advice in today’s fast moving market.
“Compliance is open to interpretation and therefore requires an experienced hand to guide the firm. Vincents is recognising this is a true specialism and, by bringing in additional support, is enabling fee earners and the firm to practice, develop and innovate from a sound compliance footing.”
Vincents comprises six offices across Lancashire and employs more than 100. The firm recently secured funding of £1.2m from Lloyds Bank to support its five-year expansion plan through mergers, acquisition and organic growth.
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