cilex regulation

 

Individuals who have obtained the relevant Practice Rights and have the required
experience can make an application to become a CRL regulated firm (entity).

 

Benefits of running your own firm

  • Be your own boss
  • Improved work/life balance
  • Convenient office location
  • Gain the remuneration you deserve
  • Focus on the work you want to do
  • Take back control

How we can help

  • Our help and guidance is designed to help you to take the first steps to self-employment.
  • Before beginning an application, it is important that you first check our basic principles for applicants to find out if you can proceed to set-up a firm regulated by us.
  • Once you are ready to start an application – access our guidance on how to prepare your application for authorisation. In addition, our Stage-by-Stage guide takes you through each stage of the application process including the required application forms.

Other points to consider:

  • A CILEx Fellow without practice rights can be an owner.  All owners must be authorised to conduct legal work.
  • A non-legal professional can be an owner if you firm has an alternative business structure (ABS) – a structure which allows non-legal professionals to have a financial stake in the firm.
  • You must have a suitably qualified and Approved Manager to provide one of these legal activities, for example a solicitor, barrister or conveyancer.
  • You must also have a Compliance Manager to oversee overall practice management and accounts management.
  • To be an Approved Manager or Compliance Manager you need to demonstrate your competency against the requirements of the Practice Management and Accounts Management Competency Frameworks.

Types of firm and owner

We can help if your firm wants to offer any of the following:

  • conveyancing
  • immigration
  • litigation (civil, criminal or family)
  • probate

Independent Practice Rights

Gaining an independent practice right means you can carry out work in a reserved activity without supervision. That can allow you to progress within a firm or open up further career opportunities. Being able to actively supervise colleagues’ work, can mean that more senior roles are then a possibility. If you want to become your own boss now or in the future, then for many, independent practice rights will be a necessary first step.

Find out more:

Additional resources

 

For more information on setting-up a new firm or your regulatory obligations when running a CRL regulated firm, please email: EAS@cilexregulation.org.uk