Why Study with the ILFM

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 course offer a flexible option to fit around your working and personal life. You can study when you want and at your own leisure.

Diploma Course

The diploma course has two papers, Basics of 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 complete the Diploma course a student would be expected to take the Basics of Bookkeeping paper first, followed by paper 2 - Legal Professionals and the Accounts Rules. A package fee (gold, silver or bronze) 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 administrative fee of £35 is payable. Please contact us for further details.

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

Associate Courses

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.

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

Fellowship

The ILFM are dedicated to driving innovation, education and the promotion of excellence throughout the legal sector for financial and practice management staff, with structured courses and qualifications to provide a career path in legal finance and practice management.

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,

Qualification Course Packages

Members are able to choose from the following packages. (A package fee (gold, silver or bronze) is applicable for each paper).

Bronze £295

  • Online course material
  • Tutor support
  • Access to students forum
  • Sample examination type questions

(Please note this package does not include the examination fee (£85), or the optional revision course material (£75), or the revision course (£125), these can be purchased separately).

Silver £395

  • Online course material
  • Tutor support
  • Access to students forum
  • Sample examination type questions
  • Revision course material
  • Single examination fee (students wishing to take the exam locally will be required to pay any additional costs incurred)

(Please note this package does not include the optional revision course (£125), this can be purchased separately).

Gold £495

  • Online course material
  • Tutor support
  • Access to students forum
  • Sample examination type questions
  • Revision course material
  • One day revision course
  • Employer updates (if required)
  • Single examination fee (students wishing to take the exam locally will be required to pay any additional costs incurred)
  • One additional examination re-sit fee (if required)
  • Three additional assignment submissions of the student's choice when re-sitting

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.