Legal

Financial, COFA & compliance training

We provide a full suite of training courses for COFAs, finance teams, partner groups and fee earners, that can be adapted to the individual needs of your firm.

SRA Accounts Rules compliance

Our course content can be tailored to suit, and can include all or some of the following:

A background to the SRA’s various consultations, which led to the 2019 SRA Accounts Rules
Key principles behind the SRA Accounts Rules
Detailed review of the key sections of the Accounts Rules
Common breaches of the Accounts Rules, including tips on how to spot them and how to avoid them
Practical guide to key systems and controls
Client and office account frauds
Practical guidance on fraud prevention and detection
Changes to the role of the reporting accountant
Common VAT issues
For those appointed to the role of COFA, we can provide guidance on responsibilities, reporting to the SRA and practical tips.

Financial training

We provide in-house training to fee earners, covering the importance of time recording for improving business performance. The course covers the following:

Reasons why accurate time recording is becoming more imperative now than ever
Understanding the difference between productivity and recovery to ensure fee earners consider overall efficiency
The difference between profit and cash
Key and practical tips for both WIP and debtor management, to improve your firm’s overall working capital requirement
Ensuring fee earners appreciate where work comes from
Pricing.

UK Accounting Apprenticeships | Junior Accountant

Bespoke training packages

We’re happy to work with you to develop a training program that meets your specific requirements. Other courses that we have delivered to date include:

Updates on the legal sector
Financial performance metrics – income and gross profit levels
Understanding and interpreting accounts (financial statements)
Taxation – partnership, company, personal, employees (including benefits in kind) and VAT
Different business structures – traditional partnerships, LLPs, limited companies, service companies, corporate partners, ABSs and EOTs
Becoming a partner (aimed at senior fee earners looking to become business owners)
One-on-one training for accounts teams who are new to the legal profession.

Top five COFA responsibilities

We’ve outlined the top five COFA responsibilities every law firm should be aware of – from ensuring compliance with the SRA Accounts Rules to acting as the key liaison during financial audits. Click the button below to find out more

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