A small law firm can reach a point where financial administration becomes too important to fit around client work, but still does not justify recruiting a full in-house finance team. Bills wait for approval. Client-account postings fall behind. Reconciliations become stressful. Meanwhile, partners spend evenings checking work that should already be under control. Outsourced legal…
Handling client money brings significant responsibilities for any law firm. While finance tasks can be delegated or outsourced, regulatory responsibility remains firmly with the practice. So, what is a COFA, and what does the role involve? A Compliance Officer for Finance and Administration (COFA) oversees a firm’s compliance with the SRA Accounts Rules. The role…
Learn how Clio and Xero integration for law firms improves billing, bookkeeping, reporting, compliance controls, and cash visibility for UK legal practices.
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