the institute of legal finance & management - ilfm
The Institute of Legal Finance & Management is one of the UK's leading
membership organisations in the legal sector. It provides qualifications,
training, knowledge, support and information for anyone working in legal finance
and in legal practice management. Our members include legal cashiers, accounts
managers, compliance officers for finance and administration (COFAs), practice
managers and sole practitioners. We offer recognised professional
qualifications, regular training days on issues relevant to the industry,
regulatory information and many support features and services, including an
industry magazine. The Institute has become the resource of choice for thousands
of leading professionals in the legal sector, including many considering a new
career in the legal sector. The Institute is dedicated to driving innovation,
advancing education and promoting excellence throughout the legal sector. Our
training and education aim to raise awareness, advocate good business practice
and maintain high standards, to ensure that clients’ money and assets are
protected and treated ethically. We enjoy a close and robust working
relationship with the Solicitors Regulation Authority (SRA), the main legal
sector’s regulator, but we remain completely independent in our activities and
in our advice to members. Sean Hankin, Head of Forensic Investigation and
Intelligence at the SRA, gave his view: “Under Tim’s stewardship of the
Institute, we have forged an excellent and mutually beneficial relationship. We
have liaised closely with Tim and his colleagues in implementing our new
Standards and Regulations and we are very grateful for the Institute’s technical
expertise and understanding of the Accounts Rules. In particular, the Institute
gave us a real insight into how the new Rules will impact firms and their
finance and compliance functions. We recently spoke at the Institute conference
which was an excellent event. ... look forward to continuing our work in 2020
and beyond.”
