Jo Davis and Daksha Mistry launch specialist legal firm

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usiness partners Jo Davis and Daksha Mistry have launched Auxillias – a specialist legal and compliance firm for consumers in the consumer, motor and asset finance sector.

“Our clients have always expressed that they would like to be able to have legal and regulatory compliance support all in one place,” said Davis. “Our vision was to create a market-leading specialist legal and compliance law firm bringing advisory, consultancy, regulatory and training support services to its clients within these specialist sectors, all under one roof.”

Auxillias specialises within the consumer credit and FCA financial services sector, with practical experience of how to implement its legal and regulatory advice into a large number of banks and financial institutions.

Mistry said: “Clients want their advisers to not just give advice but to support them with implementing advice into their operations. We are not just lawyers providing legal, regulatory and compliance support – we also provide day to day advisory, consultancy and training support to our clients to provide all-round solutions.”

The firm supports the drafting and implementation of policies and procedures to ensure that their clients meet regulatory requirements as well as carrying out regulatory reviews, whether this be their standard annual audit or initiated by the FCA.

Davis said: “We want our lawyers and consultants that work for Auxillias to have a high level of knowledge and experience working in this sector and we are proud of how far we have come already with building a strong team of advisors that we know work well with our clients.”

Since launch, the company has been supporting its clients with industry changes, such as the implementation of the FCA temporary payment relief guidance and the interpretations and implementation of the new commission models in motor finance. Auxillias has also been supporting firms who have grown their online offering so that customers can buy their car and finance online.