Legal & Regulatory
Legal & Regulatory
Slavery & Human Trafficking Statement
Slavery & Human Trafficking Statement 2021
Farrer & Co LLP takes the issue of modern slavery, as defined in the Modern Slavery Act 2015, seriously. Although we continue to consider that the likelihood of an incidence of modern slavery or human trafficking in our business or our supply chains is low, we are committed to improving our practices and working with our suppliers 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 and we have 465 partners, fee-earners, support staff and business services staff. We provide a range of English law services to individuals, families, trustees, charities, institutions and businesses in the UK and internationally across a number of sectors. It is necessary for us to use third party service providers to ensure the provision of such legal services in a cost-effective manner to our clients.
3. Our policy in relation to slavery and human trafficking
The firm's first Slavery & Human Trafficking Statement and its Modern Slavery Policy were first published in September 2016 and the Statement has been updated annually.
Our Modern Slavery Policy and Procurement and Outsourced Services Provider Policy ("Procurement Policy") reflect our commitment to be as sure as possible that slavery and human trafficking are not taking place in our supply chain. These two policies apply to all Partners and members of staff who are responsible for procuring goods or services for the firm. These Policies sit alongside our 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
Our Business Services Directors (Finance, Risk, Human Resources, Marketing & Business Development, Knowledge, Learning & Development and IT) and Office Services Manager (office, cleaning, building contractor and catering services) have primary and day-to-day responsibility for implementing the Procurement Policy, which was updated this year. That Policy aims 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;
- the firm complies with its various regulatory and legal obligations, particularly regarding modern slavery and child labour; and
- the firm’s Living Wage Employer commitment extends to our suppliers and all of their employees.
We have continued to review and rationalise our supplier contractual arrangements and supporting materials and the Business Services Directors revisited the detail of their obligations under the Modern Slavery Act 2015 this year.
5. Risk monitoring, compliance and ongoing monitoring
Our dedicated Risk & Compliance Team oversees the supplier due diligence checks set out in the Procurement Policy and our obligations under the Modern Slavery Act 2015 and other applicable legislation. The team works closely with our Business Services Directors and other key procurement stakeholders to enforce compliance with our Modern Slavery Policy and to ensure that it operates effectively. The team also refers relevant stakeholders within the firm to the relevant policy and procedure when they are dealing with new suppliers.
Clients and prospective clients regularly ask us to confirm that we have a modern slavery policy. The policy also enables us to confirm that our practices align with theirs.
6. Training for our staff
Our Business Services Directors and those other members of staff closely involved in the procurement process understand the Modern Slavery Policy and Procurement Policy and revisited the detail of their obligations during this year. Where necessary, additional training on such matters will be provided to relevant staff.
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 2021.
Signed: Simon Graham, Partner and member of the Management Board
on behalf of the Members of Farrer & Co LLP
31 October 2021