Understanding Finance in Law Firms - CPD Training Course

Morning session 9:30 - 12:30
SRA Accounts Rules 2011

COFAs have recently taken their new appointments; they are required to have a detailed knowledge of the Accounts Rules. It is also vital for partners, fee earners and accounts staff to remain fully up to date. The course aims to improve efficiency, cashflow and profitability and will cover:

  • An overview of the 2011 Rules
  • What COFAs should be looking for
  • The recent changes to the Rules
  • Advice on how to comply with the rules in a practical manner, the necessary systems to implement and how fee earners should work effectively with accounts staff
  • Common breaches and how to avoid them
  • What the reporting accountant and the SRA will be looking for
  • How to make your reporting accountant's visit go smoothly, efficiently and add value to your business

Speaker: Andy Poole, Legal Sector Director at Armstrong Watson
For more information on Andy click here

Afternoon session 1:30 - 4:30
Understanding finance in law firms

Sound financial management is now mandatory!

Understanding finance is a pre-requisite to achieving sound financial management and financial stability. This understanding is required by everybody that has any impact on the workflow, billing and cash flow cycle of a law firm.

That includes fee earners and partners as well as managing partners, heads of finance and the cashier/credit teams.

  • Understanding the working capital cycle
  • Understanding WIP, debtors and lock up
  • Understanding how processes impact cash flow
  • Understanding key performance indicators and financial danger signals
  • Steps to ensure compliance
  • Steps to maximise profitability and cash flow

Speakers: Peter Scott, Peter Scott Consulting and Andy Poole, Legal Sector Director, Armstrong Watson

For more information on Peter click here.
For more information on Andy click here.

Date & Time

Date: Monday, 7th April 2014
Time: 9.30 - 12.30 and 1.30 - 4.30

Registration details

Each session is accredited for three hours CPD.

Cost: £200 plus VAT full day including lunch
         £145 plus VAT morning or afternoon session

To RSVP please click here.

Please send cheques to Emma Walker at 15 Victoria Place, Carlisle CA1 1EW

Please note: Payments are non-refundable and confirmation of course places will only be provided on receipt of full payment.

For further information on our support to law firms, including case studies on our training courses, visit www.armstrongwatson.co.uk/legalsector

Call: 01228 690100


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Get in touch

To find out more about how we can help you or your business, call us on 0808 144 5575 and speak to a member of our team. Alternatively use our contact form to send us a message or arrange a callback.

CALL 0808 144 5575


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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW