Crowe , in partnership with the Institute of Legal Finance & Management (ILFM), carried out a comprehensive benchmarking survey from 50 UK law firms and the results are now in. The results are based predominantly on UK law firms’ data sent in...
Tim Kidd, Chief Executive of the Institute of Legal Finance and Management (ILFM) , shares his thoughts on how modern law firms can attract and retain talent - a conversation with Osprey Approach in their series of webinars. I was delighted to take part...
ILFM partners with DELL UK – NEW MEMBERSHIP BENEFIT Dell UK has partnered with the Institute of Legal Finance & Management to enhance the ILFM’s membership benefits. We always look to add...
We are now looking to appoint a Head of Professional Development, who will have a unique opportunity to build the profile and transform the knowledge of members of an organisation dedicated to driving innovation, advancing education and promoting excellence...
Finance teams are always committed to providing efficient and accurate accounting services to their legal teams or clients (if outsourced). At the heart of a Legal Cashier’s role is to make sure that the client and office accounts are kept up to date,...
Hampshire based Insight Legal has today bagged the ILFM’s top award for the best solicitors’ software, a title they have won in previous years. For more than 15 years the ILFM’s members...
The pressures on the accounts department in a law firm is immense. Anyone working in finance and law gets it! The SRA have made the Accounts Rules less stressful, however the knowledge anyone, from legal cashier > bookkeeper > finance manager > COFA...
How to become a qualified legal cashier and all the support you need with the ILFM, the leading trainers for legal cashiers
We are consumers, all of us, so you’ll understand when we explain why we are a savvy lot when choosing a law firm to work with our business, or indeed, our personal affairs. How many people in your Accounts Department do you know? The Director? The...
A legal cashier navigating a law firm’s complex technical and regulatory landscape can be stressful.
Law firms need to keep a clear focus on supporting their account’s department to ensure they comply with relevant legislative requirements to ensure the whole firm is operating responsibly, sustainably and ethically.
The ILFM has now run a second follow up survey in conjunction with Saffery Champness to understand the impact on UK law firms and their strategies around furloughing their staff members. Furloughing – where are we now? At the...
The ILFM has run a survey in conjunction with Saffery Champness to understand the impact on UK law firms and their strategies around furloughing their staff members Introduction We are living through deeply challenging and, for many, distressing times....
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Working in legal finance brings its pressures and headaches. SRA Accounts Rules, compliance, regulations, fee earner demands and client placation. ILFM Membership is a must for legal finance and management professionals in the UK. We...
Where has this first quarter gone? The ILFM team have been busy bunnies since January, mainly ensuring our experienced trainers are ready and raring to go with the new SRA Accounts Rules’ training events. Probably not surprising that our...
The SRA has confirmed that they will launch their new regulatory model on 25 November 2019, and the ILFM would like to ensure that all legal finance professionals are given practical training, updates and support before the rules come into play. ...
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From legal cashiers, bookkeepers, head of accounts to COFAs – there has never been so much education and support through the ILFM . Knowledge is power. The ILFM team up each year with Balance Recruit , a specialist Legal Finance Recruitment...
From cashiers to COFAs – the role of a person within legal finance has changed so much over the past 20 years. Here’s why the profession requires support, training, education and friendly guidance more than ever before. The ILFM started...
Your journey in an Accounts Department of a Law Firm can be daunting. It’s an exciting time, knowing you are in a specialist area of finance. From bank reconciliations, to data entry, to understanding how lawyers and clients...
With just a few weeks to go until the start of our conference celebrating the Institute’s 40 th anniversary, you still have an opportunity to book your place at our early-bird discounted rate. For me, these are the highlights I’m most...
Deciding which new or replacement software is appropriate for our firms has never been easy, we have to take so many factors into account. Cost is always a critical consideration, but we also have to include compliance, effectiveness and response times. Not...
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With just ten weeks to go until the Annual ILFM conference, the team asked me what I’m most looking forward to. When I stopped to give this some thought, I realised there was quite a lot – it’s an exciting year for the ILFM...
Welcome to the Institute’s 2017 guide to listed legal software suppliers Deciding on what new or replacement software is appropriate for our firms has never been easy: we have to take so many factors into account. Cost is always a critical...
With less than six weeks to go until the Annual ILFM conference entitled ‘Brave New World’, the team asked me what I’m most looking forward to. When I stopped to give this some thought, I realised there was quite a lot – it’s an...
Dear Members, To complete our recent rebranding exercise we wanted to ask you about your ideas for an ILFM strapline. You will of heard many many straplines in everyday life... Just do it, Vorsprung durch technik, I'm lovin'...
Clio offers ILFM Members discounted rate via member benefits program. This partnership allows the Institute’s members to subscribe to Clio at a discounted rate. “We’re delighted to be offering Clio as a member benefit to...
The best thing I learnt in Excel this year Often it is the simplest things in life that are most rewarding. Finding a new function in Excel that saves time doing a repetitive task is definitely something I count as rewarding, which is...
Save the Date! Our Conference at The Law Society, London will take place on Friday 13th November 2015. You can start to join the conversation and see the latest updates on Social Media using hashtag...