Inspire Legal Group has announced its partnership with Verify 365, a leading client onboarding solution for AML compliance. The partnership allows Inspire Legal Groups to provide its clients with cutting-edge legal services and streamline their operations.
Yorkshire-based Inspire Legal Group is a law firm that challenges traditional methods by incorporating smart digitised technology. The firm aims to provide exceptional legal services for personal and business needs, while empowering legal entrepreneurs to grow their consultancy businesses. Inspire Legal’s board of directors boasts a wealth of legal expertise and a commitment to changing the face of the legal industry.
Verify 365, the client onboarding and risk management platform combining Know Your Client (KYC), Anti-Money Laundering (AML), and Source-of-Funds (SoF) verification, helps legal, property and finance professionals meet their growing regulatory requirements.
The partnership stems from Inspire Legal’s ongoing efforts to deliver first-class services to its clients, which now have access to Verify 365’s comprehensive digitised solutions, enabling the firm to enhance the client journey experience and meet all the Solicitors Regulation Authority and HM Land Registry’s AML/KYC compliance obligations, including the Safe Harbour Digital ID Standard.
“We are thrilled to partner with Verify 365 and to have the opportunity to offer our clients even more value,” said Natalie Foster, CEO of Inspire Legal Group. “This collaboration will enable us to leverage the latest in digitised solutions and continue to provide innovative legal services in a compliant manner.”
“Partnering with Verify 365 was a no-brainer for us. Their advanced AML and fraud prevention technology offer a level of security and efficiency that we were looking for to streamline our processes. Verify 365’s AML checks and smarter client onboarding fits well with our commitment to providing exceptional legal services and a seamless experience for our clients,” added Natalie.
The partnership with Verify 365 will help Inspire Legal Group to stay ahead of the game and to differentiate the practice by providing “digital-first” legal services to clients. It will also help the firm to provide better support to its consultant lawyers, who benefit from the right tools and training in Blockchain smart digitised technology.
The firm was attracted to Verify 365 technology due the latest developments and features launched by the lawtech, such as the new “Enterprise” platform which includes “MyID”, a unique UK-developed biometric blockchain identity system storing a secure digital identity. MyID technology uses advanced biometrics and blockchain to create a secure digital identity for clients, ensuring that their personal information remains protected and accessible only by authorised parties.
“We are delighted to be partnering with Inspire Legal Group,” said Rudi Kesic, CEO of Verify 365. “Their innovative approach to legal services and our digitised AML and fraud prevention solutions make for a powerful combination. We look forward to working with Natalie and the team to help them to continue providing exceptional legal services to their clients.”
Azeem Rashid, CMO at Verify 365, added, “We’re thrilled to partner with Natalie Foster and Inspire Legal Group, a law firm that is truly leading the way in innovation and digitised solutions. It’s exciting to see that more law firms are becoming digitally focused as they prioritise technology, compliance and risk management. The synergy between our aims and values makes Inspire Legal a perfect partner for Verify 365.”
“Verify 365 is designed to be flexible, enabling us to integrate seamlessly into existing matter management workflows and systems, such as Actionstep practice management system, which is used by ILG, providing a streamlined and secure way of verifying clients. We are delighted to have Inspire Legal Group join our growing list of partners and look forward to delivering innovative and secure digitised solutions,” added Mev Dzihic, CTO at Verify 365.
The partnership between Inspire Legal and Verify 365 marks an important milestone for both companies. With this collaboration, Inspire Legal Group is poised to continue its rapid growth and become a leader in the legal industry. The firm provides a wide range of personal legal services such as conveyancing, serious personal injury, medical negligence, family law and divorce, wills, trusts, and probate, employment, civil disputes, as well as commercial landlord and tenant disputes. The firm’s business legal services include business sale and purchase, commercial contract disputes, commercial mediation, regulatory law, service level agreements, corporate mergers and acquisitions, shareholder agreements, business finance agreements and risk management.
The partnership between Verify 365 and Inspire Legal highlights the importance of advanced Anti-Money Laundering checks and digitised solutions in the legal industry. With the increasing complexity of financial fraud and significant fines being issued by the Solicitors Regulation Authority for poor AML compliance, it has become essential for law firms to have robust systems in place. Verify 365’s advanced AML checks and smarter client onboarding solutions provide an added layer of security to law firms, ensuring that their clients receive the highest level of protection against financial fraud and identity fraud.
Verify 365’s new “Enterprise” platform is a sure sign the true value that law firms are placing on safe and innovative technologies. In less than six weeks, over 100 law firms have expressed interest in or signed up for the platform, showcasing the growing demand for advanced eIDV and AML solutions. The speed at which these firms have embraced the platform is a testament to the value they see in Verify 365’s technology and the benefits it can bring to their practices.
