Lexcel
Lexcel is the formal mark of sound practice management in the legal profession, demonstrating that your organisation meets all the mandatory aspects of the Law Society´s Practice Management Standards. Written specifically for the legal profession it is applicable to any size and type of law firm, from a sole practitioner, to a large multi-sited city firm, to an in house legal department.
Lexcel covers the eight areas of practice management:
- Stucture and Policies
- Strategy, the provision of services and marketing
- Financial management
- Facilities and IT
- People Management
- Supervision and Operational Risk Management
- Client Care
- File and Case Management
In times of increased competition and demand from clients for good value and a quality service, Lexcel can provide a competitive advantage and peace of mind for clients. Research has shown that failures in administration and service delivery, rather than a lack of legal knowledge tend to lead to most complaints and claims against solicitors. This - coupled with the increasing pressures to meet and comply with certain legislative provisions - means Lexcel will provide you with a framework to take preventative action and put systems and procedures in place which will help you to minimise mistakes and meet those legislative requirements.
Based on a 3 year cycle with annual monitoring visits, the benefits that your practice could achieve by working with Lexcel include:
- Increased Profitability
- Minimise mistakes
- Effective Risk Management
- Improved Client Care
- Assist with complaince against the proposed new practice management rules
- Reduced premiums on your professional indemnity insurance
- Provides a competitve advantage
- Management Efficiency, excellence will become standard
- Assistance with BEST VALUE compliance for local authorities
In particular, Lexcel provides an excellent framework to meet the requirements of rule 5 of the new Code of Conduct, expected to be in force in the Spring of 2007. This requires all practices to "produce evidence of a systematic and effective approach to management" and to demonstrate arrangements for risk management and supervision.
To view/download a copy of our Lexcel Information Sheet click here
To view/download a copy of the full version of the Lexcel standard click here
