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Lawslip™ - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. Lawslip is our innovative digital slip system and is an essential tool in outsourcing bookkeeping for solicitors. It is a system by which all financial transaction requests are made and subsequently actioned and replaces the traditional paper slip system used by most firms. Lawslip can work alongside existing practice systems or be used to put new systems into place. Lawslip was trademarked in June 2014 and has recently been upgraded. Our search functions allow the us...

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Outsourced Accounts from the Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. The Law Factory provides Outsourced Legal Accounts and prides itself on running an efficient and cost effective service which allows our clients to maintain their accounts to a high standard without the need for a daily presence in their office. The service operates in the following way:. Initial discussions are carried out with the Principals to decide the best way to provide us with the accounts information. Choosing good reliable accountants with a strong legal team.

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Solicitors' Accounts Reconstruction - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. Solicitors’ Accounts Reconstruction. Non-compliance with the SRA Accounts Rules due to tardy or poor accounting practices is an all too common problem. In some cases, it may be necessary to trace back many months or even years of mistakes in order to satisfy your accountants and the Solicitors Regulation Authority. Reconstruction of accounts cannot change the mistakes made but can offer solutions and suggest ways of taking the practice forward in the long term. Th...

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The new SRA Handbook – Version 12 - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. The new SRA Handbook Version 12. There are a few KEY changes to the SRA Handbook this year. These changes will affect all law firms in the UK! Rule 32 has altered stating that the SRA only requires qualified accountants reports to be delivered. This means that if no breaches are found during testing, an accountant’s report is not necessary. Rule 32.1A has altered stating that fully legally aided firms are exempt from sending an accountant’s report to the SRA. B) make ...

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Our People - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. Deborah Downham BA Hons Law. Deborah qualified as a Solicitor in 1988 and worked in private practice in London and the West Midlands until retiring from practice in 2006 to join Jeremy at The Law Factory. With an original background in banking, she is well placed to deal with the firm’s administration including accounts, billing, contracts and human resources. She became Jeremy’s partner in the business in 2009. Sam joined The Law Factory in October 2012 after complet...

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Testimonials - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. 8220;We have nothing but praise for the Law Factory. They have literally transformed our book keeping system. It used to be a major headache and source of stress, but now runs smoothly and efficiently. Lawslip is so easy to use – our office manager loves it. Joanna Stephenson, JAMES WARE STEPHENSON. Http:/ www.jwssllp.com. Highly recommended and very grateful to have been recommended to them after years of trying to find decent legal cashiers! We need not have feared,...

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Blog Archives - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. Laquo; Older Entries. SRA Accounts Rules Phase 3 Consultation – From a cashier’s perspective. Monday, August 22nd, 2016. Phase three of the review of the SRA Accounts Rules is now in consultation. Phase one was October 2014 and phase two, November 2015. October 2014 was the time where we first saw Outcomes Focused Regulation. This new style of regulation was seen as a rather radical change to how cashiers governed the accounts during an accounting year. To most Sole P...

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Consultancy for Solicitors - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. The Law Factory is well placed to offer a consultancy service for solicitors having extensive experience of working closely with law firms over the past 26 years. We offer the service to our existing clients as a matter of course but are happy to give advice and assistance as a stand-alone service if required. Examples of areas where you may require our assistance are as follows:. Devising business plans for start up practices. Back to the top ↑.

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Sole Practitioners - Fee earning or Administration? - The Law Factory The Law Factory

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Solicitors’ Accounts Reconstruction. Sole Practitioners – Fee earning or Administration? To most Sole Practitioners (SPs) the answer to this question is obvious. However during my 14 years of experience dealing with SPs, it is clear to me that fee earning time is being eroded by administration. Three letters. D.I.Y. What would happen if you combined that with all of the other areas that require attention; compliance (COLP/COFA), policies to satisfy the SRA and the Outcome Focused Regulations, completing ...