The Legal Services Act 2007 has changed the legal industry landscape forever and the repercussions from this Act are still being felt today.
All legal service providers that want to survive and thrive in this new era, need to ensure that the financial cornerstones of cash-flow, profitability, regulatory compliance and strong internal control are not only fully embedded in their firms culture, policies and procedures but are supporting the core activity of the firm – that is servicing clients needs.
I’m always happy to share my knowledge and understanding of the various regulator’s Accounts Rules! I can provide training on a one to one basis or for up to groups of 10 people covering the Solicitors Regulatory Authority’s Accounts Rules, Notary Public Accounts Rules or the Council for Licensed Conveyancers Accounts Rules. Prices start from £300 for a half day workshop.
I’m available to work with you to help support you as HOFA (or your regulator’s equivalent) or provide emergency cover. Whether it’s long term regular support or short term assistance that you need, I’m here to help.
Legal service providers need to ensure that their financial policies, systems and processes are not only fully compliant with the requirements of their regulator but also fully support delivery of excellent customer service without creating unnecessary obstacles for the sake of compliance. I’ll be happy to conduct a health check on your financial policies and processes to highlight both strengths and any potential weaknesses.
From securing payment from your customers whilst still protecting the client relationship to reviewing your cash-flow management processes and credit management policies, I can help improve your cash-flow and your working capital management.
Notary Publics are regulated by the Faculty of the Archbishop of Canterbury and as such notarial activities are outside the scope of the Solictors Regulatory Authority’s Accounts Rules yet it is a common misconception that Notary Accounts Rules and Solicitors Accounts Rules are the same. There are in fact some quite fundamental differences! I offer a bespoke quarterly bookkeeping service specifically for Notary Publics. Prices start from £120.00 a quarter.
Charges indicated above are meant for guidance only; firm costs will be agreed after we’ve discussed your requirements.