ILFM Accreditation of Prior Experiential Learning (APEL)

Have you been working in legal finance for at least eight years?  And have you also been working with client accounts for at least five years?

The Institute is excited to offer associate members the opportunity to build on their substantial knowledge and expertise.  If you have this experience, you can now apply to become a full member of the Institute without studying for and passing examinations for the Institute’s diploma.

We want to recognise your many years of experience, practical skills and achievements in the real world, all of which demonstrate your personal commitment to professional standards and development.  The new route, which we call Accreditation of Prior Experiential Learning, or APEL, offers associate members a new and flexible route to full membership of the Institute.  Furthermore, associate members who are accredited will then become full members of the Institute and will be able to use our highly-prized designatory letters ILFM (Dip).

Our accreditation process is robust and is, of course, not automatic.  For associate members who have impressive and relevant experience working within legal finance over at least eight years and who can demonstrate their thorough knowledge of client accounts for at least five years. This represents a unique opportunity to be recognised for hard work and commitment over many years.

Requirements:

• ILFM Membership.
• At least 8 years of employment in legal finance.
• At least 5 years of working with client accounts in legal finance.
• Evidence of thorough knowledge by answering a few short questions in the application
• References as requested.
• Applicants must not be enrolled on, or part way through, either the D1 or D2 qualification at the time of application and should continue on their current pathway.
• Applicants who have previously not achieved required mark in either the D1 or D2 examination must wait a minimum of eight years before submitting an APEL application.
• Applicants are not eligible for APEL if they have attempted either examination on three occasions without achieving the required mark.

Please note – The application fee is £100.00 and is non refundable regardless of the outcome of the application, so you would need to be confident that you will fulfil the criteria before you proceed.

To discuss this further, don’t hesitate to give our team a call on 020 8302 2867 or email info@ilfm.org.uk