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).
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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.
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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.
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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.
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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)
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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."
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Shelyna Mariscal, Partner/MLRO at Hansells Solicitors
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"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
"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."
Jenny Davies, Executive PA to David Whitworth at Whitworth Law
"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.”