Lexcel Basics
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What is Lexcel
Benefits of Lexcel
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Applying for Lexcel
Further Guidance
How Do I Apply For Lexcel Accreditation?
Step One – Self-assessment
Before a formal assessment, firms must complete the Lexcel v4.1 self-assessment checklist. This must be sent to your chosen Assessment Body but more importantly it should assist you in identifying areas of weakness before a full Lexcel assessment takes place.
Step Two – Select an assessment body
Once you are satisfied that your firm meets the Lexcel standard you must select an assessment body.
Step Three – Submit your application
Prior to your assessment you must submit an application form to the Lexcel office. This must include:
- Professional indemnity insurance details
- List of all employees broken down into fee earners and non fee earners
The self-assessment checklist must be sent to your Assessment Body before assessment. The Lexcel office will then send the assessment body a copy of the application form and other relevant information.
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Professional indemnity insurance
Many firms looking to apply for Lexcel Accreditation for the first time wish to know how this will affect their professional indemnity insurance. Whilst there is no fixed position on this, insurers do look favourably on firms who can show their approach to risk and the policies and procedures they have in place. Gaining the Lexcel standard is an instant ‘tick in the box’ many for of these concerns.