Exams and Revision Courses

The ILFM Examinations

Examinations are held twice a year, in Spring and Autumn, across two venues, London and Manchester. As this may not be convenient for everyone, it should be noted that it is also possible to arrange to sit the examination at a local college/school (or other suitable venue), contact the ILFM office for further details.

To register for an exam, please email sam@ilfm.org.uk with your name, membership number, exam location, exam type, home address and email address. You will be sent confirmation of your booking and notification of whether any payment is due.  ALL students, whatever package you are on, need to register for the exam before the closing date.  You also need to be a fully paid member. 

Next Examination date:  6 November 2017 in London and Manchester

ILFM Diploma Paper One: Basics of Bookkeeping Exam £90
ILFM Diploma Paper Two:  Legal Professionals and the Accounts Rules Exam £90 
ILFM Associate Exams: £90 per paper

Note: Applications for the exam must be received at the ILFM office by: 6 October 2017 - applications received after this date will not be accepted.

Gold, Silver and Barry Hilton Scholarship award candidates must still register for the exam.  All registered candidates will receive confirmation of their registration after the cut off date along with their candidate number.

Local Venues: Candidates must arrange local venues themselves, a copy of the local venue guidelines are available from the ILFM office.

Any requests for additional examination facilities or arrangements for reasons of a disability will be considered, you should apply in writing to helen@ilfm.org.uk ASAP and by 6 October 2017 at the latest.

Each application will be considered on an individual basis, your application should include details of the disability, your requirements and supporting medical evidence. Applications should be made in addition to the exam enrolment booking and should be sent no later than the enrolment deadline for the exam sitting you wish to apply for. The ILFM will make every endeavour to accommodate your needs.

Revision Course Dates: (£125 per course unless on the Gold package)

Diploma Paper One (Bookkeeping): TBA
Diploma Paper Two (Legal Professionals & the Accounts Rules): TBA
Accounting: TBA
Financial Management: TBA 
Legal Practice Management: TBA  

Gold students will still need to apply for the Revision course.

To book on to any of the Revision courses please book through Eventbrite once they are available - http://www.eventbrite.co.uk/o/the-institute-of-legal-finance-and-management-7916205239.  Gold students will need to enter a promotional code (available from the office, please email helen@ilfm.org.uk). 

Unlike many organisations, admission to the higher grades of membership is by ILFM Qualification only. To this end, the ILFM has its own structured examination scheme. Because of the varied ages and backgrounds of those joining the ILFM, there are no formal requirements for embarking on the following examination route:

The Diploma, Paper One - Basics of Bookkeeping & Paper Two - Legal Professionals and the Accounts Rules - These are 3-hour examinations and are intended to test the immediate working knowledge of the office environment.

The Associate, (Three Mandatory Parts) For Diploma Members only - This is designed to test career students on a deeper understanding of the many legal and accounting topics they will meet in working life.

The Fellowship, (By Thesis and Presentation) - This is the ILFM's highest qualification.  Further information can be found by selecting the Fellowship link from links listed on the left of this page.

ILFM Examination passes are graded as:
Pass 50 - 74%
Merit 75 - 89%
Distinction 90% and above

To ensure standards are always the highest, the ILFM Examination Board includes an external examiner from the College of Law.