For a Law Firm to prosper, it is important that all of the basics are done right. This includes not just the legal side but also the management of the firm. The bedrock of good firm management is good financial management. It is no good having the best lawyers in the world in your firm, if you cannot pay for practising certificates or you cannot prove to the SRA the last time you reconciled client account.
Law Practices are not like other companies and there are a number of specific requirements that set them apart from other businesses. Very few companies have their accounts scrutinised to the extent that Solicitors’ firms do. The COFA in the firm will want to know that the firm’s accounts are handled by a system that is SRA rules aware and helps all staff remain compliant.
This is why it is essential for Law Firms to have a Legal Accounts System that meets their specific needs and requirements without compromise.
You have earnt your customers’ trust by being legal experts, why would you trust something as important as your accounts to a non-Legal Accounts System?