What is a Legal Audit and does my business need one?

Safeguarding your business is crucial, and one effective way to do this is through a legal audit. Legal audits are designed to identify areas of concern within a business's legal framework, ensuring compliance with relevant laws, regulations, and internal policies

As part of Taylor Rose's commitment to supporting business success, John King, Partner & Commercial Solicitor, is offering free legal audit services. These services aim to help business owners identify potential issues that could pose future risks. The initial audit is completely free of charge, with no obligation to continue using our services.

John King, based in our Warrington office, has built a solid reputation throughout the northwest. With over 35 years of experience in commercial law, John is well-equipped to guide your business through any legal challenges you may encounter.

Why Consider a Legal Audit

There are several reasons why a company may conduct a legal audit:

• Risk Management: Identify potential legal risks and liabilities that your company may be exposed to.

• Compliance Assurance: Companies are subject to a wide range of laws and regulations. The audit ensures’ adherence to a broad range of laws and regulations, from employment to data privacy. This will help avoid any non-regulatory penalties.

• Contract Review: Many companies have entered into numerous agreements and contracts. The audit will evaluate these with employees, suppliers, customers, and other parties to ensure they are legally sound and protect your company's interests.

• Intellectual Property Protection: Safeguard your patents, trademarks, copyrights, and trade secrets.

• Preparation for Sale: Streamline the process of selling your business by anticipating and addressing potential legal issues, ensuring transparency for prospective buyers.

• HR/Employment Review: Ensure that your employment practices and policies comply with current laws and regulations.

• Future Planning: Establish a baseline for your legal position to support a successful and compliant organisation.

Areas Covered in a Legal Audit

• Business Structure

• Company Compliance

• Insurance

• Terms and Conditions

• People and Employment

• Property

• Data Protection

• Intellectual Property

• Debt Recovery

• Operational Licenses

• Personal Affairs

• Legal Documentation

What Are The Next Steps

John King will conduct an initial meeting, either virtually or in person, to discuss the audit process and provide you with a form to complete. After reviewing your responses, John will arrange a follow-up meeting to discuss potential risks and provide initial advice on mitigating these threats. This initial consultation is non-chargeable as part of Taylor Rose's commitment to helping businesses succeed.

Any work beyond the initial advice would be chargeable, with no obligation to continue with our services. John is dedicated to offering thoroughly researched, informed advice and fostering lasting relationships with clients.

To safeguard your business and take advantage of our free legal audit services, click the contact button below or email John directly at john.king@taylor-rose.co.uk. Don't wait to protect your business – reach out now to ensure a secure and compliant future.