TRACY THOMPSON ASSOCIATES
LEGAL COMPLIANCE CONSULTANCY FOR LAW FIRMS
Tracy Thompson Associates provides expert, practical and proportionate legal compliance support to law firms across England and Wales, with 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 tailored to the way each firm actually operates. 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
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Independent AML audits (Regulation 21)
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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
"Exceptional attention to detail, a thorough understanding of AML audits, CQS compliance and regulatory requirements, with a practical, solutions-focused approach."
Shelyna Mariscal, Partner/MLRO at Hansells Solicitors
"Tracy was brilliant, it was a really good session."
"The training was really helpful ... Tracy is fab - wish all training sessions could be like that.."
CG Professional
Feedback following in-house Regulatory & Compliance training
"Tracy Thompson provided invaluable expertise during our recent AML policy review. Tracy's regulatory knowledge and practical solutions were exceptional. Together with assisting with our policies, Tracy designed and delivered in-house training that was exceptionally well-received by all staff, from our administration teams, to fee-earners and Directors. We wouldn't hesitate to recommend Tracy Thompson Associates."
Bethany Manning, Practice Manager, Nantes Solicitors Ltd
AML policy review, compliance support and in-house training
"We've had some really great feedback following the Source of Funds training that Tracy ran for our team. It was very comprehensive and the real life examples were really helpful and engaging.”
Karen Bubenzer, HR Manager, SAS Daniels LLP
"Working with Tracy over these last few months has been a breath of fresh air. Tracy undertook a compliance health review for our small firm and really took us under her wing, sharing expertise every step of the way. She's great to deal with, always approachable, and provides clear, solid advice. I'd highly recommend Tracy to any other law firm needing a compliance overhaul."