About Us

The association for professionals working in legal finance and legal practice management.

KNOWLEDGE    SUPPORT    CONFIDENCE

The Institute of Legal Finance & Management is one of the UK's leading membership organisations in the legal sector.

It provides qualifications, training, knowledge, support and information for anyone working in legal finance and in legal practice management. Our members include legal cashiers, accounts managers, compliance officers for finance and administration (COFAs), practice managers and sole practitioners.

We  offer recognised professional qualifications, regular training days on issues relevant to the industry, regulatory information and many support features and services, including an industry magazine. The Institute has become the resource of choice for thousands of leading professionals in the legal sector, including many considering a new career in the legal sector. 

The Institute is dedicated to driving innovation, advancing education and promoting excellence throughout the legal sector. Our training and education aim to raise awareness, advocate good business practice and maintain high standards, to ensure that clients’ money and assets are protected and treated ethically.

We enjoy a close and robust working relationship with the Solicitors Regulation Authority (SRA), the main legal sector’s regulator, but we remain completely independent in our activities 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 Institute, 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 Institute’s technical expertise and understanding of the Accounts Rules. In particular, the Institute gave us a real insight into how the new Rules will impact firms and their finance and compliance functions. We recently spoke at the Institute conference which was an excellent event. ... look forward to continuing our work in 2020 and beyond.”

Who is behind the Institute?

The Institute is a membership organisation: a not-for profit company limited by guarantee. Our team is based in Sidcup, Kent, and is headed by a chief executive with support from a volunteer executive council, whose members are 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.

History

The Institute was founded in 1978 and, until 2010, was known as the Institute of Legal Cashiers and Administrators (ILCA).

Who are our members?

The Institute’s members represent a large percentage of professionals in the legal industry: some belong to law practices, both large and small, while others are self-employed and work from home. Want to join?

Charter for Women in Finance

Our target is an equal number of women and men on our executive council.

 

Mission Statement

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.

Featured Documents

  • ILFM Code of Practice
    • 685 kB
  • ILFM Ltd Memorandum of Association
    • 125 kB
  • ILFM Terms And Conditions
    • 120 kB
  • Women in Finance Charter
    • 187 kB