The ILFM Examinations

Examinations are held twice a year, in Spring and Autumn, normally in London, Manchester & Cardiff. 

As this may not be convenient for everyone, it should be noted that it is also possible for candidates to arrange to sit the examination at a local college/school (or other suitable venue), contact the ILFM office for further details.

To register for the next exam - once the next sitting is available use the links below to the relevant event pages, please contact the office if you have any problems making your booking or if you are unsure whether the fee applies.  

ALL students, whatever package you are on, need to register for the exam before the closing date.  You also need to be a fully paid member in order to sit the exam. 

The 10th May 2021 exam will be the final sitting for the old LPAR course.

Spring 2021 (bookings close 29th March)

  • Diploma D1 Bookkeeping - the exam is on Monday 10th May at venues/times TBC - register HERE
  • Diploma D2 LPAR & D2 LFCAR - the exams are on Monday 10th May at venues/times TBC - register HERE
  • Associate A1 Accounting for Legal Finance Professionals - the exam is on Monday 10th May at venues/times TBC - register HERE
  • Associate A2 Financial Management - Online exam Wednesday 12th May @10:00 - register HERE
  • Associate A3 Legal Practice Management - Online exam Friday 14th May @10:00 - register HERE
  • Associate A4 Tax for Legal Finance Professionals- Online exam Friday 14th May @10:00 - register HERE

Online exams only - further detail can be viewed HERE. 

Locations and timings for the 10th May are all to be advised (we will be selecting smaller, local venues). The exams being able to take place are subject to the situation at the time.

Exam preparation sessions can be booked here

One exam fee is included in the package fee, the exam fee will apply to re-sits and those on the old bronze package.

  • ILFM Diploma Paper D1: Bookkeeping for Legal Finance Professionals Exam - £90
  • ILFM Diploma Paper OLD D2:  Legal Professionals and the Accounts Rules Exam - £90 
  • ILFM Diploma Paper NEW D2 : Legal Finance Compliance & Accounts Rules Exam - £90 
  • ILFM Associate Exams: A1, A2, A3 & A4 - £90 per paper

LOCAL VENUE

  • Candidates must arrange local venues themselves, the local venue guidelines are attached at the bottom of this page.  Please contact helen@ilfm.org.uk for further information.

All candidates (All Inclusive, Gold, Silver and Barry Hilton Scholarship etc) must still register for the exam.  All registered candidates will receive confirmation of their registration after the cut off date along with their candidate number.

*Any requests for additional examination facilities or arrangements for reasons of a disability or learning difficulties will be considered. Each application will be considered on an individual basis, your application should include details of the disability, your requirements and supporting medical evidence. Applications should be made in addition to the exam enrolment booking and should be sent no later than the enrolment deadline for the exam sitting you wish to apply for. The ILFM will make every endeavour to accommodate your needs.

Unlike many organisations, admission to the higher grades of membership is by ILFM Qualification only. To this end, the ILFM has its own structured examination scheme. Because of the varied ages and backgrounds of those joining the ILFM, there are no formal requirements for embarking on the following examination route:

The Diploma, Paper One - Bookkeeping for Legal Finance Professionals & Paper Two - Legal Professionals & the Accounts Rules/Legal Finance Compliance & Accounts Rules - These are 3-hour examinations and are intended to test the immediate working knowledge of the office environment.

The Associate, (three mandatory parts) For Diploma Members only - This is designed to test career students on a deeper understanding of the many legal and accounting topics they will meet in working life.  Each Associate certificate is a 3-hour examination.

The Fellowship, (by thesis and presentation) - This is the ILFM's highest qualification.  Further information can be found by selecting the Fellowship link from links listed on the left of this page.

ILFM Examination passes are graded as:
Pass 50%+
Merit 75%+
Distinction 90%+

To ensure standards are always the highest, the ILFM Examination Board includes an external examiner from the College of Law.

The Fellowship is graded as a pass with 50%+, a merit with 65%+ and a distinction is 80%+.

Future exam dates:
Monday, 10 May 2021
Monday, 8 November 2021
Monday, 9th May 2022
Monday, 7th November 2022

 

 

  • Local Venue Rules