A client owes the firm money, while the firm is still holding funds for that client. Commercially, it may seem sensible to retain those funds until the outstanding invoice is settled. However, a solicitor cannot automatically retain client money for an unpaid invoice simply because the client owes the firm money. The key question is…
![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 when the money is properly available for that purpose and the correct steps have been completed. Simply raising an invoice does not mean every balance held for that client can automatically be transferred to the firm’s business account. This is where…
![Outsourced Legal Cashiering for Small Law Firms]()
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…
![What is a COFA? A Guide for UK Law Firms]()
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…
![Clio and Xero Integration for Law Firms]()
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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