Essential Guides

• Clio and Xero Finance Problems Small Law Firms Need to Fix

  Installing good software does not automatically create a good finance function. A firm may…

  Read more

• How to Reduce Law Firm Lock-Up and Get Invoices Paid Faster

  A law firm can have plenty of work, report a profit and still struggle…

  Read more

• A Better Billing Process for Small Law Firms

  For many small practices, the billing problem is not a shortage of work. It…

  Read more

• Why Profitable Law Firms Still Run Out of Cash

  A law firm can be profitable on paper and still feel short of cash…

  Read more

• SRA Accountant’s Reports: What COFAs Need to Know About the Proposed Changes

  For many law firms, the annual accountant’s report has traditionally been a contained compliance…

  Read more

• How to Build an Effective SRA Breach Register for Compliance

  Mistakes can happen in even well-managed law firms. The real test is how quickly…

  Read more

• What is a Three-Way Reconciliation? A Guide for Law Firms

  When a law firm holds client money, it needs to know that every pound…

  Read more

• What Happens If Your Three-Way Reconciliation Doesn’t Balance?

  You’ve completed the reconciliation, but the numbers do not agree. The client bank statement…

  Read more

• Can a Solicitor Retain Client Money When Its Invoice Has Not Been Paid?

  A client owes the firm money, while the firm is still holding funds for…

  Read more

• Can a Law Firm Transfer Client Money to Pay Its Fees?

  Yes, a law firm can transfer client money to pay legal fees, but only…

  Read more

• Outsourced Legal Cashiering for Small Law Firms

  A small law firm can reach a point where financial administration becomes too important…

  Read more

• What is a COFA? A Guide for UK Law Firms

  Handling client money brings significant responsibilities for any law firm. While finance tasks can…

  Read more

• Clio and Xero Integration for Law Firms

  Learn how Clio and Xero integration for law firms improves billing, bookkeeping, reporting, compliance…

  Read more