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Legal Finance Professionals

 

Is your legal cashier secure in their knowledge of compliance?

Tim Kidd
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The pressures on the accounts department in a law firm is immense. Anyone working in finance and law gets it! The SRA have made the Accounts Rules less stressful, however the knowledge anyone, from legal cashier > bookkeeper > finance manager > COFA...

Savvy consumers and Legal Firms - Why your legal cashiers need training and support

Tim Kidd
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We are consumers, all of us, so you’ll understand when we explain why we are a savvy lot when choosing a law firm to work with our business, or indeed, our personal affairs. How many people in your Accounts Department do you know? The Director? The...

Legal Finance - Insider Insight

Tim Kidd
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The ILFM’s history is one of support, advice and training. Over the years we have grown in tandem with new compliances and regulations to become the leading non-profit organisation for legal finance professionals. The ILFM was founded in 1978,...

An overview for COFAs of the anti money laundering requirements for a firm's clients

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COFAs are not necessarily responsible for the money-laundering requirements relating to a law firm’s clients. However, a recent disciplinary tribunal fined a principal, who was also the firm’s COFA, for failing to adhere to the relevant...

Legal Finance - What to expect and how the ILFM helps

Tim Kidd
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  • Author

  Your journey in an Accounts Department of a Law Firm can be daunting.  It’s an exciting time, knowing you are in a specialist area of finance.  From bank reconciliations, to data entry, to understanding how lawyers and clients...