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A practical approach to handling residual balances
Friday, 14 March 2025ILFM explores the current SRA rules and guidance, as well as practical approaches for efficiently and proactively managing these balances.
Tags: ILFM
Posted in associate news
Managing risk: a guide for law firms
SRA-compliant record keeping: essential tips for legal finance teams
Wednesday, 5 February 2025The Solicitors Regulation Authority (SRA) maintains strict requirements for financial record keeping within law firms. Understanding and implementing these requirements is not merely a regulatory obligation—it’s fundamental to maintaining client trust and protecting your firm’s reputation.
Tags: ILFM
Posted in associate news
Preparing for an SRA accounts audit: A guide for law firms
Friday, 3 January 2025This guide outlines essential insights for accounts teams to ensure robust compliance and to help audits run smoothly.
Tags: ILFM
Posted in associate news
Essential insights for COFAs
Thursday, 19 December 2024As a COFA, what issues should be on your radar? Get ahead with an exclusive event hosted by the ILFM and Howdens in January
Tags: ILFM
Posted in associate news
ILFM Honorary Fellowships awarded to Richard Hill and Ian Johnson
Friday, 29 November 2024Tim Kidd, Chief Executive of the ILFM, has announced that Richard Hill and Ian Johnson have been made Honorary Fellows of the Institute of Legal Finance & Management for their outstanding contribution to the legal profession.
Tags: ILFM
Posted in associate news
The lonely role of a COFA: sharing the burden of risk management
Lessons for COFAs: Avoiding regulatory pitfalls
Tuesday, 22 October 2024The recent news that the SRA has handed down a fine of 16% of a former director and compliance officer’s gross annual income may have struck terror into the hearts of COFAs across the country.
Tags: ILFM
Posted in associate news
Compliance in the age of technology
Empowering excellence: How the ILFM helps Jenner & Block
Friday, 27 September 2024For our second feature in our mini-series “Empowering Excellence”, ILFM member Bonnie McAvoy, Account Operations Manager at Jenner & Block, talks to us about how membership has assisted her in her role
Tags: ILFM
Posted in associate news