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Organisation Description

The Institute of Legal Finance and Management (ILFM) is the UK’s leading membership organisation in the legal sector that provides a range of services designed exclusively for legal finance experts and legal management professionals, such as legal cashiers, accounts managers, COFA’s and practice managers, as well as sole practitioners who deal with these roles.

By offering regular and industry-relevant training courses, regulatory information, a live chat support feature, and an industry magazine, the ILFM has become the ‘go to’ for thousands of leading professionals, including those considering a new career in the legal sector.

CPD Courses and Workshops Available

  • VAT for Legal Accounting

    Workshop | The Institute of Legal Finance and Management - ILFM

    The Institute of Legal Finance and Management - ILFM

    A one day workshop designed specifically for those in legal practice or management; providing guidance and practical advice about key aspects of VAT compliance including treatment of disbursements Topics covered: Types of supply; Time of Supply and Tax Points; VAT rate change; Who can Register; Accounting for VAT; Partial Exemption; Reverse Charge; Bad Debt Relief; Vehicles and Fuel Expenses; When to Account for VAT; Filling in Your Return; How to Correct Errors; Disbursement or Recharge; Place of Supply; VAT Invoices/Bills etc; EC Sales List.

  • Legal Practice Management

    Workshop | The Institute of Legal Finance and Management - ILFM

    The Institute of Legal Finance and Management - ILFM

    This event provides a whistle stop tour through all the key responsibilities of a practice manager and provides practical insight into many areas of the day-to-day management of a legal practice. It promotes an informal discursive atmosphere; but with reference to real life experiences and solutions to day to day issues faced within legal firms. Delegates will get an opportunity to forge relationships with other practice managers and it will enable them to go away having exchanged contact details; some have gone on to form support groups in their local area.

  • Diploma Part One - Basics of Bookkeeping

    Literature | The Institute of Legal Finance and Management - ILFM

    The Institute of Legal Finance and Management - ILFM

    The ILFM diploma course has two papers; Basics of Bookkeeping and Legal Professionals and the Accounts Rules; which together provide a sound comprehensive and practical knowledge of the maintenance of a solicitor’s internal records and to meet compliance with regulatory accounts rules; and will give you a widely recognised ILFM (Dip) qualification. To achieve the Diploma level both topics need to be completed and a student would be expected to take the Basics of Bookkeeping paper first.

  • Diploma Part Two – Legal Professionals and the Accounts Rules

    Online Course | The Institute of Legal Finance and Management - ILFM

    The Institute of Legal Finance and Management - ILFM

    The ILFM diploma course has two papers; Basics of Bookkeeping and Legal Professionals and the Accounts Rules; which together provide a sound comprehensive and practical knowledge of the maintenance of a solicitor’s internal records and to meet compliance with regulatory accounts rules; and will give you a widely recognised ILFM (Dip) qualification. To achieve the Diploma level both topics need to be completed and the examinations passed; a student would be expected to take the Basics of Legal Bookkeeping paper first; followed by paper 2 -Legal Professionals and the Accounts Rules.

  • Diploma Part Two – Legal Professionals and the Accounts Rules

    Online Course | The Institute of Legal Finance and Management - ILFM

    The Institute of Legal Finance and Management - ILFM

    The ILFM diploma course has two papers; Basics of Bookkeeping and Legal Professionals and the Accounts Rules; which together provide a sound comprehensive and practical knowledge of the maintenance of a solicitor’s internal records and to meet compliance with regulatory accounts rules; and will give you a widely recognised ILFM (Dip) qualification. To achieve the Diploma level both topics need to be completed and the examinations passed; a student would be expected to take the Basics of Legal Bookkeeping paper first; followed by paper 2 -Legal Professionals and the Accounts Rules.

  • Credit Management for Law Firms

    Workshop | The Institute of Legal Finance and Management - ILFM

    The Institute of Legal Finance and Management - ILFM

    At this one day workshop we will consider working capital and the whole credit control function; looking at the strategic aspects such as what should be included in a firm’s credit policy down to the more transactional level detail such as template letters and bills.