Ascentant launch Risk and Compliance service
Business services consultancy, Ascentant welcome Rachel Smith to the company to launch a risk and compliance service to its clients.
Rachel joins as a risk and compliance consultant and has over 17 years’ experience of risk management experience for national and international firms. Rachel specialises in advising legal practices on designing risk, regulatory and compliance frameworks, client intake procedures and systems, gap analysis and due diligence.
Rachel comments “With the implementation of GDPR and the changing regulatory landscape in the UK, businesses need to be aware of organisational risk. There must be a culture of proactive compliance and risk management from the ground up, training all members of staff and having a robust compliance framework in place. The consequences for non compliance have been widely publicised by the ICO recently in terms of GDPR”.
Managing director, Kevin Drew, comments “The addition of risk and compliance services to our outsourced legal cashiering services, give legal practices an easy to access, on demand and affordable solution to help manage their practice. Rachel has a deep understanding of the legal sector and the ever changing market. There has been a large increase in enquiries recently from solicitors looking to set up their own practices, especially with the Solicitors Regulation Authority consulting on solicitors being able to freelance and the launch of the SRA Innovation space to innovate the legal sector”.
Ascentant provide a number of specialist services to legal practices across England & Wales from their Derby office, including Outsourced Legal Cashiering, Management Accounting, VAT, Payroll and HR support.