Tag Results
The importance of L&D for your (invaluable) legal accounts department
Institute of Legal Finance & Management (ILFM)
Sunday, 1 January 2023ILFM is the professional association for Legal Finance and Accounting Professionals, Legal Practice Management Professionals, Compliance Officers (COFAs), and other legal support professionals in England and Wales.
Tags: ILFM
Posted in Legal Cashiering, Professional Associations, Services Directory
How to become a qualified legal cashier
Wednesday, 23 June 2021You and I know that legal cashiers play a pivotal role in a law firm. Younger recruits often take up these positions because no formal qualifications are needed for the role. With recruitment being a time-consuming and expensive process you, as an HR manager, a Senior Partner, or the COFA want to keep your recruit for as long as you can; and offering qualifications can be a strategic way to do just that.
Tags: ILFM
Posted in associate news
Savvy consumers and legal firms – Why your legal cashiers need training and support
Thursday, 3 June 2021The finance teams within a legal firm are often the quiet, resilient ones working away with their heads down, solving your accounts’ queries and chasing debts. The majority of solicitors, fee earners, paralegals etc won’t know the ins and outs of what the legal cashier does, and certainly won’t understand the pressures they are under
Tags: ILFM
Posted in associate news
Five tips to support your legal cashier and why
Thursday, 22 April 2021A legal cashier navigating a law firm’s complex technical and regulatory landscape can be stressful. Law firms need to keep a clear focus on supporting their account’s department to ensure they comply with relevant legislative requirements to ensure the whole firm is operating responsibly, sustainably and ethically.
Tags: ILFM
Posted in associate news
To Qualify or Not to Qualify
Monday, 8 March 2021Law firms or legal providers that offer legal services are regulated by regulators such as the Solicitors Regulation Authority (SRA) to maintain the public trust and the ethical delivery of legal services. Solicitors often receive and hold their client’s money as part of a legal service e.g. buying a house.
Tags: ILFM
Posted in associate news
Furloughed but never forgotten
Wednesday, 3 March 2021Have you arranged refresher training yet for your staff that may have been on furlough? The government is actively encouraging employers to do so and the Institute is ready and keen to help you provide it.
Tags: ILFM
Posted in associate news
Salary Survey 2021
Monday, 1 March 2021Our 2021 Legal Accounts Salary Survey is now live, and we again need to ask for your help in compiling the all-important data. It seems like a lifetime ago when we published the results of our 2020 Legal Accounts Salary Survey, which arrived during a period of widespread uncertainty for the legal sector and economy as a whole.
Tags: ILFM
Posted in associate news
Blog
Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
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