Ascentant Cashiering
The True Cost Of An In-House Legal Cashier

How much does it cost to employ an in-house Legal Cashier? Most firms benchmark and budget based on an annual salary alone. But the true cost of employing a Legal Cashier in-house is vastly more and can add a third to the cost of the annual salary. According to the 2017 ILFM/Balance Salary, the UK average […]

Common Solicitors’ Accounts Rules Breaches

Legal practices must have good financial controls and governance in place to adhere to the Solicitors’ Accounts Rules and prevent breaches. Breaches generally fall into two categories of material and non-material breaches: Material Breaches: These are serious breaches of the Solicitors Accounts Rules and should be reported to the SRA upon discovery. They usually include: […]

Considerations when Outsourcing your Legal Accounts Management

Outsourcing your Legal Cashiering can have many rewards. You can save money, buying in services as and when needed, rather than paying a full time Financial Controller. Also you can utilise holiday and sickness cover at no extra cost. There are a number of considerations before deciding to Outsource your Legal Accounts Management to an […]

Ascentant launch Risk and Compliance service

Business services consultancy Ascentant welcomes Rachel Smith to the company to launch a risk and compliance service to its clients. Rachel Smith Rachel joins as a Risk and Compliance consultant and has over 17 years’ experience of risk management experience for national and international firms. Rachel specialises in advising legal practices on designing risk, regulatory […]

Reasons Why You Should Outsource

Compliance, regulation, risk and the threat of an SRA intervention; Compliance with the Solicitors Accounts Rules, abiding by Outcome Focused Regulation and COLP & COFA responsibilities add to the burden of running any legal practice, large or small. For larger firms with teams of legal cashiers to maintain day to day records, monitor irregularities and […]