Legal & Regulatory
Legal & Regulatory
Slavery & Human Trafficking Statement
Farrer & Co LLP takes the issue of modern slavery, as defined in the Modern Slavery Act 2015, seriously. We continue to consider that the likelihood of an incidence of modern slavery in our business or our supply chains is low. However, we are committed to improving our practices in investigating and ensuring that slavery and human trafficking do not take place in any of our supply chains and in any part of our business.
2. Our firm and business
We are an English law firm with offices in London providing a range of English law services to individuals, families & trustees, charities & institutions and businesses in the UK and internationally, across a number of sectors. We have over 400 partners, fee-earners and business services staff. To ensure the provision of such legal services in a cost-effective manner to our clients, it is a commercial necessity for us to use third party service providers.
3. Our policy in relation to slavery and human trafficking
The firm's first Slavery & Human Trafficking Statement and its Modern Slavery Policy were published in September 2016 and a further Slavery & Human Trafficking Statement was published in October 2017 reporting on the work we carried out in the financial year ending in April 2017.
Our Modern Slavery Policy and Procurement and Outsourced Services Provider Policy ("Procurement Policy") (see section 4 below) reflect our commitment to be as sure, as much as we can, that slavery and human trafficking are not taking place anywhere in our supply chain. These Policies sit alongside our Outsourcing, Whistleblowing, Corporate Responsibility, Equality & Diversity, Health & Safety and Bribery & Anti-Corruption Policies and our London Living Wage Accreditation.
4. Our due diligence processes in relation to our business and our suppliers
In the last financial year, our Management Board approved and published our Procurement Policy, which applies to all Partners and members of staff who are responsible for procuring goods or services for the firm. Our Business Services Directors (Finance & Risk, Human Resources, Marketing & Business Development, Knowledge, Learning & Development and IT) and Business Services Manager (office, cleaning, building contractor and catering services) have primary and day-to-day responsibility for implementing the Procurement Policy and adopted it in July 2017.
The Procurement Policy's aims are to ensure that:
- as far as is possible, services are procured from all third party providers through a process which is transparent, non-discriminatory and proportionate to the circumstances and requirements of each purchase; and
- the firm complies with our various regulatory and legal obligations, as listed in its Schedules, including with issues including modern slavery, prevention of child labour and ensuring that our Living Wage Employer commitment extends to our suppliers and all of their employees.
5. Risk monitoring and compliance
We have a dedicated Risk & Compliance Team responsible for overseeing the supplier due diligence set out in the Procurement Policy as well as progressing our obligations under the Modern Slavery Act 2015 and other legislation applying to this firm. The team works closely with our Business Service Directors and other key stakeholders involved in our procurement programme to enforce compliance with our Modern Slavery Policy and to ensure that it is in effective operation within the firm.
6. Training for our staff
Our Business Services Directors and those other members of staff closely involved in the procurement process have been guided through the Modern Slavery Policy and Procurement Policy and additional training on such matters has been identified and will be offered to relevant members of staff, as required.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Farrer & Co LLP's slavery and human trafficking statement for the financial year ending 30 April 2018.
Simon Graham, Partner and member of the Management Board,
on behalf of the Members of Farrer & Co LLP
31 October 2018