Approximately 1000 law firms in England and Wales rely on Lexsure software to make risk and compliance management more effective and efficient. Founded in 2008, Lexsure has developed a family of products to assist lawyers in risk management, including CLIENTCAREmonitor, COMPLETIONmonitor and LENDERmonitor.
Lexsure's automated, comprehensive and low-cost technologies offer lawyers visibility into their firm’s risk management, AML and OFR compliance performance. Lexsure products help lawyers to meet regulatory obligations, mitigate conveyancing risks, and stay abreast of developments in both arenas.
CLIENTCAREmonitor is a comprehensive, sophisticated and cost effective online compliance management platform developed specifically to assist small to medium-sized firms meet their compliance requirements in relation to the new SRA regime. The platform audits 100% of cases and identifies the high-risk files in real time, allowing the COLP to focus on the real risk areas and do so in real time.
CLIENTCAREmonitor can integrate with existing case management platforms, is simple to use, and is highly cost and time effective. CLIENTCAREmonitor's matter-level compliance and risk management is designed to be used by every fee-earner at a firm, on every transaction, resulting in full transparency and much greater visibility across the firm’s cases for the COLP.
Lenders regularly make changes to their policies, and before the launch of LENDERmonitor there was no easy way for lawyers to determine when lenders changed their policies or what those changes pertained to. With LENDERmonitor, launched in 2010, lawyers were provided with a free online tool that continually monitored for any changes to lender policies and sent alerts in real time when these changes were detected.
Since start of operations in 2008, LENDERmonitor gained the endorsement of regulators and insurers, including the support of the Council of Mortgage Lenders (CML). It regularly communicates with over 2,300 lawyers.
COMPLETIONmonitor is an intelligent, interactive online expert system used by conveyancers. Launched in July 2011 at the Law Society, it raises relevant and dynamically evolving questions on residential transactions that change based on the criteria of each property transaction, incorporating lender requirements on sales, purchase and re-mortgages.
COMPLETIONmonitor creates a system that allows conveyancers to ensure that they have dealt with the multiple key areas of risk within their case load. There is no equivalent system in the marketplace. The system is able to collate data from third-party data feeds such as the land registry or local authority searches and validates the results by cross checking against lawyer or conveyancer input.