The Institute of Legal Finance & Management is one of the UK’s leading membership organisations in the legal sector.
The Institute of Legal Finance & Management is the leading education and membership organisation in the legal sector, supporting legal finance, compliance, and practice management professionals across England, Wales, & Northern Ireland.
It provides qualifications, training, knowledge, support and information for anyone working in legal accounts, compliance and law firm management. Our members include legal cashiers, accounts managers, practice managers, Financial Directors, CEO’s, Partners, MLRO & MLCO’s, and sole practitioners, and is the professional institute for Compliance Officers for Finance and Administration (COFAs).
We offer recognised professional qualifications, regular training on issues relevant to the industry, regulatory information, and many support features and services including an industry professional journal. The ILFM has become the professional membership of choice for thousands of leading professionals in the legal & accounts sector, including many considering a new career in the legal sector.
The ILFM is dedicated to driving innovation, advancing education, and promoting excellence throughout the legal sector. Our training and education programs aim to raise awareness, advocate good business practice, and maintain high standards to ensure that clients’ money and assets are protected and treated ethically, as well as protecting the law firms and their employees at the same time.
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.
Training
All of our online training is live and interactive, enabling you to liaise and pose questions to our experienced experts during the broadcast. All of the experts have worked, or work in legal practice, dealing with all aspects of legal finance, enabling them to share their in-depth knowledge and experience in compliance areas such as the changes to the new SRA Accounts Rules or the dreaded Disbursements and VAT topic. Training from just £90.
Professional qualifications in legal finance
The Institute provides a clearly defined career path to undertake studies and gain competency in legal finance and practice management. Our programme, listed below, has become the first choice for the industry: we are a registered foundation and our students are safe in the knowledge that, when they graduate, their skills will be relevant to their department.
Each certificate can be completed as ‘stand-alone’ or be used together to gain the Institute Professional Qualifications.
We run correspondence courses to support tuition for diploma and associate examinations. Our dedicated tutors help students with their coursework and provide guidance, advice and feedback. Correspondence courses offer a flexible option to fit around your working and personal life: you can study when you want and at your own leisure. Finally, we can help you check whether other relevant qualifications you may have entitle you to any exemptions from our examinations.
Your investment in each certificate is £560 and includes all your coursework and one examination fee. You must be a member of the Institute to study for our qualifications.
