Consultancy Service for Solicitors
The Law Factory is a leading solicitors’ consultancy service with over 30 years of experience working closely with a wide range of law firms. Our expert legal consultancy offers tailored advice and support to solicitors and law firms seeking professional guidance. While we provide this service to our existing clients as part of our ongoing support, we also offer standalone solicitors’ consultancy services to help law firms navigate legal accounts challenges, improve operational efficiency, and stay compliant. Whether you need strategic advice, practice management support, or assistance to ensure SRA compliance, The Law Factory is your trusted partner for providing tailored solicitors’ consultancy services.
One of our outstanding areas of expertise lies in assisting with the process when reconstructing accounting records becomes a necessity. This is most common when a statutory body has picked up on errors, or they have received reported offences relating to a company. At this point, tensions are raised, and it is vital that quick action is taken to ensure accounting records are complete and accurate. The best course of action is to pre-empt this and take steps to improve your accounting records before an external regulatory body is involved – the accounts also become far easier to maintain moving forward with errors and inconsistencies rectified. Whichever position you are in, it is vital that quick action is taken to resolve any accounting issues.
Examples of areas where you may require our solicitors’ consultancy services include:
- Devising business plans for start up practices.
- Preparation for accounts or legal aid audits.
- Making the most of specialist areas such as legal aid or commercial litigation.
- Detailed budgeting to make the firm more profitable.
- Improving cash-flow by introducing tailor made reports for the practice.
Being a sounding board for Partners and fee earners, and helping with policy making.
- Setting up systems to allow the back office to run more efficiently.
- Being available for meetings with bank managers, accountants, SRA auditors or other bodies, such as the Revenue to assist and advise.
- Providing access to a network of banks and accountants to help in more advanced restructuring of your business.
- Independent advice on legal bookkeeping software and accountants.
Preparation for SORP audits.
Assistance with migrating your accounts from one software package to another.
Resolving residual balance issues.
Assisting with closing down your practice.
We recently assisted Osprey Approach with a project to enable them to offer Financial Data Migration to firms.
Get expert help and guidance to ensure accuracy in your accounts when moving data into Osprey. They will import the data, but The Law Factory can provide consultancy services to ensure everything balances, you have the reports you need, and you’re staying SRA compliant.
Osprey can migrate data from all major legal software suppliers.
Read more about our work with Osprey here.