Firstly, there is no requirement to have any existing qualifications or looking to be studying any of ILFM professional qualifications in order to join - many of our members simply work in the legal finance sector. For example, some members are studying with AAT, CILEx or CIMA whilst others maybe doing a degree course etc."
The Institute of Legal Finance and Management (ILFM) is the UK’s leading membership organisation in the legal sector that provides a range of services designed exclusively for legal finance experts and legal management professionals, such as COFA's, legal cashiers and practice managers.
By offering regular and industry-relevant training courses, regulatory information, a live chat support feature, and an industry magazine, the ILFM has become the ‘go to’ for thousands of leading professionals, including those considering a new career in the legal sector.
For just £105 (+VAT) per year, ILFM members benefit from a range of supportive features:
ILFM Membership gives you...
By sharing and collaborating we reach a point where the whole is better than the sum of its parts. You can be part of a growing a community of legal finance professionals to help, share, celebrate success and grow in an atmosphere of learning, giving and growing together.
...access to a growing community of Legal Finance Professionals
Members Only benefit
... full free access to ILFM4U which brings together and constantly builds on our membership offering for you, ensuring our annual membership fee always represents incredible value. We work hard to bring the maximum benefits we can for you, from high street, lifestyle and leisure discounts to reduced rates on trainings, our conference, events and making our publications and freely available to you.
...full free access to our range of Video Training Modules
...access to our Professional Qualification courses. Once qualified you have the right as a member to use designatory letters ILFM(Dip), AILFM & FILFM
Members Only benefit
...full free access to ILFMConnect which links you to our members via a forum style portal. Ask questions and get answers from members and the ILFM and legal industry experts. This will link you to our members across the country in a community of people working in legal finance.
Members Only benefit
...full free access to ILFMAnswers brings together all our resources, practice notes, answers to queries etc in a Knowledge Base. You can access to help you in your day to day work in legal finance.
... full free access to ILFMEngage which builds on ILFMConnect by reaching out to both members, non-members and all in the sector and beyond via our blog, news and other social media. We also want to offer legal firms benefits by being linked to the ILFM via you. We have a range of benefits aimed at employers and firms offering a range of discounts and access to some of our content.
...full free access to social media channels and closed and open groups online, a regional focus and local branch meetings, CEO face to face forums and collaboration with other professional bodies and key stakeholders. Via ILFMEngage we aim to raise your profile of your role within legal finance. Also at the same time, promoting the ILFM, its qualifications and building communities both online and locally.
Who can become a member?
Membership is open to everyone who has a professional interest in legal accounting, management and compliance, including:
- Cashiers and accountants working in legal practices
- Practice Managers, Finance Directors, COFA's and non-lawyer partners/managers
- Solicitors, Legal Executives and similarly recognised professionals
- Members of accountancy professions
- Suppliers and consultants to the legal industry
ILFM membership has five levels of membership, with all new members starting as either a Member or an Affiliated Professional Member.
By starting or renewing membership of the Institute of Legal Finance & Management you hereby agree to be a member of the Company and to be bound by its Articles of Association.