Lexcel Basics
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What is Lexcel
Benefits of Lexcel
What does Lexcel Cost?
Applying for Lexcel
Further Guidance
Lexcel Standard
Lexcel is the Law Society’s practice management standard. It sets out a framework of operational standards against which law firms and in-house legal departments are measured by independent assessment.
The Lexcel standard, provides legal practices with a framework of best practice principles for managing their practice. In particular, Lexcel helps practitioners comply with the new Solicitors’ Code of Conduct 2007 and other regulations.
What does the Lexcel standard cover?
- Structures and policies
- Strategy, the provision of services and marketing
- Financial management
- Information management and facilities
- Information management
- Facilities
- People management
- Supervision and operational risk management
- Client care
- File and case management
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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.