As legal cashiers we can often come across a matter balance listing which needs reconciling to get the monies moved to the correct place. Quite often the monies are to be returned to the client. For long matter listings, the prospect of handling residual balances can be quite daunting. This article will detail how to handle client residual balances in bite-sized chunks to make the job easier.
In this article, I explore some of the reasons given by firms for not using a legal cashier.. I will explain why I believe this course of action is flawed and assert that every practice should have a legal cashier no matter it’s size.
In this article, Hazlewoods Accountants' Legal team draw attention to the growing issue of fraud perpetrated against legal practices and gives advice on how to protect your firm.
It has always surprised me how little weight solicitors place on keeping their accounts in good order.
This is the first of many blogs from Jeremy, Senior Partner of The Law Factory.
