The Professional Body for those working in Legal Finance & Legal Practice Management, including COFAs.
KNOWLEDGE SUPPORT INFORMATION
The UK's leading membership organisation in the legal sector and professional institute providing qualifications, training, knowledge, support and information for anyone working in legal practice management and legal finance.
The ILFM works closely with and enjoys a robust working relationship with many at the SRA as regulator to the legal sector. However the ILFM remains completely independent as an organisation and in our advice to Members.
Sean Hankin, Head of Forensic Investigation and Intelligence at the SRA, gave his view..
“Under Tim’s stewardship of the ILFM we have forged an excellent and mutually beneficial relationship. We have liaised closely with Tim and his colleagues in implementing our new Standards and Regulations and we are very grateful for the ILFM’s technical expertise and understanding of the Accounts Rules. In particular, the ILFM gave us a real insight into how the new Rules will impact firms and their finance and compliance functions. We recently spoke at the ILFM Conference which was an excellent event. ... look forward to continuing our work in 2020 and beyond.” Sean Hankin, Head of Forensic Investigation and Intelligence at the SRA
The professional institute for legal finance & management professionals, including Legal Cashiers, Accounts Managers, COFA's, Practice Managers and Finance Directors.
The Institute of Legal Finance & Management (ILFM) is a not-for-profit educational professional institute founded in 1978.
The UK’s leading membership organisation in the legal sector providing qualifications, training, knowledge, support and information for anyone working in legal practice management and legal finance, such as legal cashiers, accounts managers, Compliance Officers for Finance and Administration (COFA's) and practice managers, as well as sole practitioners.
By offering recognised professional qualifications, regular and industry-relevant training days, regulatory information, many support features & resources including an industry magazine, the ILFM has become the ‘go to’ for thousands of leading professionals in the legal sector.
We are the leading education authority and membership body for legal finance, administration and practice management professionals in England and Wales.
We are dedicated to driving innovation, education and the promotion of excellence throughout the legal sector for financial and practice management staff.
Through training and education we look to raise awareness and advocate good business practice and high standards to ensure the protection and ethical treatment of client money and assets.
Who’s behind the ILFM?
The ILFM is a not-for profit membership organisation, managed by a Chief Executive and team based in Sidcup, Kent. The ILFM is a Company limited by guarantee. The team is supported by an Executive Council. Council members are all volunteers and ILFM members elected at an Annual General Meeting.
If you would like to find out more about the Executive Council or would like to stand for election, please contact the office.
The ILFM was founded in 1978. Until 2010 the ILFM was known as the Institute of Legal Cashiers and Administrators (ILCA).
Who our members are
The ILFM’s membership base represents a large percentage of legal industry professionals belonging to both large and small practices, with some being self-employed and working from home. Want to join?
Women in Finance Charter
Our target is to maintain around 50% of our Executive Council as women. More...