- Ensures regulatory compliance: Lexcel supports firms in being compliant with current and new practice rules and regulatory requirements. This may also support them in gaining new work and contracts.
- Enhances risk management and Increases efficiency: by following and adhering to the Lexcel standard, firms will ensure they are not only ensuring compliance with rules and regulation but are also identifying key strengths and gaps for development within their practice. This may identify any key risks for the firm that can then be corrected and brought in line with best practice, this means resources for development are being used where they are actually needed and supports a culture of continuous improvement.