The ILFM has a wide range of training options for those wanting to learn and also keep up-to-date with the latest developments in Legal Finance, VAT, Bookkeeping, Financial, Credit & Practice Management.
ILFM Online (via Zoom)
All of our online training is live and interactive, enabling you to liaise and pose questions to our experienced experts during the broadcast.
*New* Cash is King (1 Hour CPD)
Cash flow may seem deceptively simple, but in the current climate, small businesses everywhere are struggling with it. Whether it is adjusting to disruption, planning for change or diversification, having a firm grasp of the figures and cash throughout is sound practice for good financial management.
*New* SRA Accounts Rules: An Introduction to the Changes (1 Hour CPD)
This session focuses on the changes to the rules, which allow more flexibility but also require law firms to make their own professional judgement and decisions on protecting client money. The training therefore has an emphasis on the practical application of the new rules and best practice to help law firms to remain compliant.
"The training was excellent, much clearer now than via other training we have had.”
*New* Disbursement vs Recharge (1 Hour CPD)
This session focuses on the correct treatment of disbursements for VAT purposes and recharged overheads. The training therefore has an emphasis on the practical application of both HMRC’s and the SRA definition of disbursement to help law firms to remain compliant. The training will look at recent case law and enable law firms to easily identify what is and what isn’t a disbursement for VAT purposes.
"I was impressed with the webinar on Disbursements/Recharges and found it very informative and have watched different parts of it a few times. It has been so helpful to be able to watch the webinar a few times. I watched it with the partners and we kept pausing it so we could discuss and make notes on different points!"
*New* New SRA Accounts Rules Training (3 Hours CPD)
This session will provide an outline and review of the new SRA Accounts Rules 2019. This training will be valuable for all those looking for an introduction to the new rules and anyone working in legal finance, whether as cashier or senior management role.
This course will compare the new rules to the old rules and explain the potential implications for law firms. The training will cover the key aspects of the new rules to consider and what the change from the previous 52 rules to only 13 new rules means in reality.
"Brilliant training, thanks so much Darren. Really clear and covered everything in a way I could understand and follow. For me the training webinars are ideal as I don’t have to travel and also again as a newbie I feel a bit intimidated going on some courses."
"It was invaluable and so easy and convenient for me to join. I will definitely take up on these sessions again"
*New* VAT for Legal Accounting (3 Hours CPD)
Those in legal practice or management, providing guidance and practical advice about key aspects of VAT compliance including treatment of disbursements.
- Confidence that you are prepared for a VAT inspection
- Assertion that your accounting procedures are in order and are correct from a compliance perspective
- Information to ensure you are fully compliant and up to date in accordance with the VAT Act 1994
*New* The Fundamentals of Legal Cashiering (3 Hours CPD)
This highly informative session will look at legal cashiering, an introduction to legal finance and how it all fits within the legal practice. The session will be interesting and engaging and will include lots of discussions and practical examples.
Particularly suitable for anyone new to legal finance, this one day training looks at double entry bookkeeping and understanding the fundamentals of legal cashiering.
- Understanding of how to maintain books of account on a double entry principle
- Deeper knowledge of Client and Office Transactions
- Operating and reconciliation of Petty Cash
Face to Face
SRA Accounts Rules 2019 – a one day training
This one day workshop provides a full review of the SRA Accounts Rules. This day is particularly valuable for those looking for a refresher course or who are new to legal finance. Cashiers are often involved in the preparation of the COFA report and a sound knowledge of the rules would be a distinct advantage for both this and when dealing with the Reporting Accountant and the Annual Accounts Report. More...
(ILFM Diploma Students : Legal Professionals and the Accounts Rules)
*New* COFA Workshop – a one day training
Workshop dedicated to the compliance role of COFA. Whether you are being appointed as a COFA, a member of an accounts team or supporting the COFA in their role you will find this workshop very valuable. More...
VAT for Legal Accounting - a one day training
Whether you're waiting on an inspection, just had one or are yet to see one of HMRC's officers, the ILFM's VAT for Legal Accounting training will ensure you're fully compliant and up-to-date in accordance with the VAT Act 1994. More...
The Fundamentals of Legal Cashiering - a one day training
Ideal for those new to legal finance or Legal Cashiers. This one day training is designed to equip delegates with the fundamentals of legal cashiering. More...
(ILFM Diploma Students : Legal Bookkeeping)
*New* Legal Practice Management – a one day training
This training provides a whistle stop tour through all the key responsibilities of a legal practice manager, and provides practical insight into many areas of the day-to-day management of a legal practice. More...
(ILFM Associate Students : Legal Practice Management)
Financial Management for Law Firms - a one day training
Designed to provide practical advice and guidance for all those responsible for maintaining and managing the accounts of a solicitors’ practice. More...
(ILFM Associate Students : Accounting & Financial Management)
Credit Management for Law Firms - a one day training
At this one day training we will consider working capital and the whole credit control function; looking at the strategic aspects such as what should be included in a firm’s credit policy down to the more transactional level detail such as template letters and bills. More...
Terms and Conditions
Cancellation requests must be in writing. A full refund of the delegate payment (100%) will be given for notice of 42 days or more; less an administration fee of £35. A half refund (50%) will be given for notice of between 41 and 22 days; less an administration fee of £35. No refund (0%) for 21 days or less. Transfer or Substitution requests must be in writing. You may transfer, at no charge, on to another ILFM training, or substitute for another person. An additional payment may be necessary if the substitute is not eligible for the same discounts as the original delegate. No refund will be given should the delegate fee be less than the original delegate fee. Please note that trainings/events are subject to cancellation, at any time, if there are insufficient numbers. In this case we will refund 100% of the fee, or allow a free transfer. In the event of a cancellation at any time by the ILFM, for whatever reason, liability will be limited to a refund of any delegate fee paid.The ILFM accepts no responsibility or liability for any injury, illness or otherwise which may be attributable to the facilities or services provided at any venue.