Riliance in IRIS Legal COLP & COFA compliance alliance
IRIS Legal has announced the signing of its first partnership agreement of 2013 with COLP/COFA software provider Riliance Software Ltd. In the agreement, and in response to the increasingly complex regulatory needs of UK law firms, IRIS Legal has added Riliance’s market leading COLP/COFA online service to its existing product offering for the UK legal market.
This agreement is the first stage of a closer working relationship between the two firms to develop a comprehensive and integrated compliance service that will leverage the information and know-how that exists in IRIS Legal’s PCMS solutions and ensure the needs of COLPs and COFAs are met now and in the future. The agreement with Riliance is part of IRIS Legal’s new “Best in Class” partnership strategy that provides IRIS Legal customers with access to a wide range of market leading services that are needed to grow, run and manage a law firm effectively.
Endorsed by The Law Society, and with 500 clients signed up since the product went to market in January 2012, Riliance has established itself as an innovative and market leading service, purpose built for COLPs and COFAs working in today’s regulatory environment. A modular system, it enables easy deployment of a firm-wide compliance infrastructure that enables the firm to complete, report on and manage a wide range of tasks that are necessary for demonstrating compliance with OFR and gives the COLP and COFA instant visibility and effective management over high level risk and compliance issues.
Mark Gidge, Chief Executive of Riliance, said: “This partnership stems from a mutual recognition and understanding of the new regulatory landscape and associated impacts. The agreement also recognises the specialist nature of the Riliance product and this area of practice. We are pleased to partner with IRIS Legal and look forward to working closely with them to deliver a comprehensive service that continues to meet the ever increasingly complex regulatory requirements of today’s legal practices.”