Legl platform is used by over 400 law firms to digitise and optimise compliance and payment processes. This guide will help you understand how to efficiently onboard individual clients using Legl while ensuring compliance with regulatory requirements.
Key Challenges in Client Onboarding
Law firms often struggle with making client onboarding smooth and compliant.
Adhering to regulatory requirements such as codes of conduct and sanction regimes is critical.
Manual processes can be inefficient and lead to errors.
How Legl Platform Helps
Automated Compliance Checks
Conducts real-time verification against sanction lists.
Ensures compliance with industry regulations.
Streamlined Payment Processing
Automates invoicing and payment tracking.
Reduces risks associated with non-payment.
Improved Client Experience
Simplifies document submission and identity verification.
Reduces processing time, enhancing client satisfaction.
Steps to Optimise Client Onboarding
Use Digital Verification
Utilise Legl’s tools for digital identity checks to speed up onboarding.
Implement Automated Risk Assessments
Identify high-risk clients early in the process to mitigate potential issues.
Monitor Transactions for Compliance
Use built-in monitoring features to flag suspicious activity.
Ensure Ongoing Compliance
Regularly update compliance measures based on regulatory changes.
Conclusion
By leveraging Legl’s digital tools, law firms can enhance their client onboarding experience, ensure compliance, and reduce risks associated with non-payment. Implementing these best practices will lead to a more efficient and secure process for both firms and clients.
If you have any further questions or would like to explore the Legl Risk functionality further please reach out to [email protected]