Solicitors’ Accounts Reconstruction

Welcome to The Law Factory’s Solicitors Accounts Reconstruction service, the ultimate solution for law firms and solicitors seeking expert assistance in restoring and reconciling their legal accounts. With over 30 years of experience, our specialised team provides accurate, compliant accounts reconstruction to help resolve discrepancies, prevent penalties, and ensure your firm’s financial records are transparent and up-to-date. Whether you’re dealing with historical account issues or need professional support to rebuild your legal accounting records, our solicitors’ accounts reconstruction service offers reliable, tailored solutions to meet your firm’s needs.

Common Pitfalls of Non-compliance with the SRA Account Rules

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.

As experienced legal cashiers, we have dealt with a number of firms in this position and have been able to resolve the problems, reconstruct the accounts and provide them with a clean set of accounts which comply with the SRA Accounts Rules.

How The Law Factory can help

Often the problems are closely linked with communication issues and we are proud of the relationship we have with our clients.  Using an inappropriate accounts package can also cause issues with compliance.  We have a wide knowledge of the various legal accounts software packages and are able to give advice of the most suitable package for each firm.  We are also experienced in dealing with the Solicitors Regulation Authority.

There are also a lot of packages on the market now which require two separate systems to deal with Case Management and accounts. It is often not straightforward for your inhouse bookkeeper to get to grips with how the systems synchronise data. This leads to incomplete data and breaches of the Solicitors Accounts Rules.

Reconstruction of accounts cannot change the mistakes made but can offer solutions and suggest ways of taking the practice forward in the long term. This is essential due to the Outcomes-focused regulations (OFR) introduced on 6th October 2011 by the Solicitors Regulatory Authority (SRA).

Interested in our services?

Fill in our enquiry form or contact us directly to get in touch today.