Qualifications - ILFM (Dip), AILFM & FILFM

The ILFM offers a clearly defined professional career path for those wishing to gain qualifications in legal finance and practice management.

Tuition for the ILFM's Diploma and Associate examinations is available through correspondence courses, with students supported by a dedicated tutor providing guidance, advice and feedback on coursework papers.

For those that don’t have the time to attend college or training courses, correspondence courses offer a flexible option to fit around your working and personal life. You can study when you want and at your own leisure.

Please check if you are entitled to any exemptions by holding other relevant qualifications. 

Watch our Video on ILFM Training and Qualifications... 

Please note you are required to be a member of the ILFM in order to study with us.

Diploma Course - ILFM (Dip). Legal Cashier Qualification

The diploma course has two papers, Basics of Legal Bookkeeping and Legal Professionals and the Accounts Rules, which together provide a sound comprehensive and practical knowledge of the maintenance of a solicitor’s internal records and to meet compliance with regulatory accounts rules. 

To achieve the Diploma level both topics need to be completed and the examinations passed, a student would be expected to take the Basics of Legal Bookkeeping paper first, followed by paper 2 - Legal Professionals and the Accounts Rules. The fee is applicable for each paper.

Students may apply for an exemption from the Bookkeeping paper if they already have a relevant qualification. Where a student is deemed exempt an exemption fee of £90 is payable. Please contact us for further details.

Paper 1 - Basics of Legal Bookkeeping
Paper 2 - Legal Professionals and the Accounts Rules

Associate Courses - AILFM

The Associate courses have 3 topics, Accounting, Financial Management and Legal Practice Management. Only students who have successfully completed the Diploma can enrol for any of the Associate topics. To achieve the Associate level all 3 topics need to be completed and the fee applies to each.

Paper 1 -  Accounting
Paper 2 -  Financial Management
Paper 3 -  Legal Practice Management

Fellowship - FILFM

The Fellowship is the Institutes highest qualification and only eligible to full associate level members. The qualification is designed to test the candidate’s knowledge and ability to research and analyse a chosen subject within the legal profession,

ILFM Qualification Course

Qualification Course/Examination Fee:  £495 (Per course)

Please check if you are entitled to any exemptions by holding other relevant qualifications. 

Coursework

  • Full access to online course material
  • Dedicated ILFM tutor, inc one-to-one support
  • Access to students forum
  • Employer updates (if required)

Exam Preparation

  • Dedicated ILFM tutor (one-to-one support)
  • Sample examination Paper/Questions
  • Exam preparation day (Revision Day)
  • Revision course material
  • Employer updates (if required)

Examination

  • One Examination Entry Fee included (students wishing to take the exam locally will be required to pay any additional costs incurred)

 

Examination Resit £90

  • One Examination Entry Fee included (students wishing to take the exam locally will be required to pay any additional costs incurred)

CPD Accreditation

The Diploma and Associate correspondence courses have been approved by The SRA for accreditation under the Continuing Professional Development (CPD) scheme with each course eligible for 16 CPD hours on successful completion.

The Fellowship qualification is also accredited with 10 ILFM CPD points on successful completion.