TRACY THOMPSON ASSOCIATES
EXPERT, PRACTICAL AND PROPORTIONATE COMPLIANCE SUPPORT
Tracy Thompson Associates provides specialist risk and compliance support to law firms across England and Wales, with a particular focus on AML compliance, regulatory assurance, and quality standards including Lexcel and the Conveyancing Quality Scheme (CQS).
With extensive experience working alongside law firms of all sizes - from sole practitioners to multi-partner practices - support is delivered in a way that is practical, proportionate and tailored to how firms actually operate. The focus is not just on technical compliance, but on helping firms embed effective, workable processes that stand up to regulatory scrutiny, while supporting day-to-day practice.
As an independent consultant, Tracy offers a high-quality, cost-effective alternative to larger consultancies. With low overheads and no unnecessary layers, firms benefit from direct access to experienced, senior-level support, without compromising on quality, independence or regulatory credibility.
All services are delivered with a strong understanding of the SRA's regulatory expectations, the Money Laundering Regulations 2017, Legal Sector Affinity Group (LSAG) guidance, and wider best practice across the legal profession.
Services include:
Regulation 21 Independent AML audits
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AML compliance support (policies, controls and procedures)
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Regulatory compliance audits
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Risk and compliance support
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Support for small firms and sole practitioners
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CQS audits, gap analysis and application support
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CQS consultancy (bespoke policies and preparation)
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Lexcel consultancy (pre-assessment, accreditation and maintenance)
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Compliance retainers (light, standard and premium)
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Independent file reviews
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In-house training (AML, source of funds/wealth, SRA Codes and risk)
Why work with Tracy Thompson Associates?
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Experienced and independent - practical insight grounded in real regulatory expectations
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Cost-effective support - high quality advice without the overheads of large consultancies
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Pragmatic and proportionate - compliance that works in practice, not just on paper
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Trusted by law firms - long-standing relationships since 2017, built on clarity, integrity and reliability
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TESTIMONIALS
"I have made thousands of decisions in my professional life and I look upon the decision to employ Tracy as one of the best I have made. Tracy added real value to my company and put in place systems and practices without which the company would have struggled to survive.
It is fair to say that Tracy has been instrumental in the development of the company.
She possesses excellent business management skills in addition to her marketing skills and I would have no hesitation in re-employing Tracy."
Paul Crowley, Senior Partner, Paul Crowley & Co Solicitors, Liverpool
"I have known Tracy for many years. Throughout this time she has always acted in a highly professional manner.
Some time ago it became vital for my practice to achieve Lexcel accreditation, however, at that time I had little knowledge of the necessary requirements.
Tracy was, without hesitation, my first port of call due to her previous success in implementing Lexcel in the local area. Her knowledge of the Lexcel standard was exemplary. She provided me with a concise explanation of how to meet the requirements of the standard. Her assistance undoubtedly assisted me in implementing the required elements and successfully attaining expedited accreditation.”
Brian Jackson, Director, Brian Jackson & Co Solicitors
"In my role as a radio account manager I work, and have worked with, hundreds of companies across Merseyside. Tracy was Managing Partner at one such company where we worked closely together to build the law firm business. She was a dream to do business with… refreshing to work with someone who had a very clear strategy and vision for where she saw the business heading. Brilliantly creative and not afraid to push boundaries to get the required results. Always professional, always approachable and always represented the business with integrity."
Jane Hunt, Capital FM
“I worked with Tracy on the implementation of BigHand Digital Dictation and Speech Recognition during her time at Paul Crowley & Co.
Her belief, focus and determination to implement the technology to drive business efficiencies stood her out as a key player in the field of Legal IT. Her desire to introduce tangible time and money saving processes within the firm were up there with the best I have dealt with.
I wouldn’t hesitate in recommending her services to anyone who wants to succeed in this sector.”
Andrew Jackson, Sales Manager - UK Legal, Bighand
"I have been working with Tracy for over a decade, firstly as a trusted supplier and more recently as a trusted business partner. Tracy is hugely experienced in the management of legal operations and possesses a unique perspective of law firm business management. I place enormous value on her professional judgement and her passion for her clients' businesses is aspirational. I look forward to working with her on future projects."
Jayne Smith, Bluebird Support Services
"In my role as a specialist legal recruiter I come into contact with hundreds of people across Merseyside, both candidates and clients alike. Tracy was a most valued client of mine, intelligent, articulate and unafraid to make decisions... she obviously added huge value to her firm, evidenced by her eventual position of Managing Partner. I have had the pleasure of working with her for some years now and continue to be impressed by her clarity of thought and business acumen and would have no hesitation in suggesting she can help any business move forward."