Specialist accounting for UK solicitors and law firms
SRA Accounts Rules compliance, trust accounting, partnership tax, LLP conversion, and practice succession planning. We understand the unique challenges facing legal practices.
Trusted by legal professionals
26.2% of SRA firm closures are due to accounting breaches. With heightened regulatory scrutiny, MTD for Income Tax starting April 2026, and complex partnership taxation, you need accountants who understand the legal sector.
100% legal sector focus. Every accountant on our team works exclusively with solicitors, law firms, and legal practitioners.
100% pass rate on SRA Accountant's Reports. We understand the Accounts Rules and client money regulations as well as you do.
Clear, agreed fees with no hidden charges. You know exactly what you're paying for.
What our clients say
“Our SRA accountant's report was always stressful with our old firm. These specialists handle client money reconciliations monthly, so year-end is straightforward. No surprises, no compliance risks.”
Latest insights
Stay informed with our latest articles on SRA compliance, tax planning, and practice management.
Partnership & LLP Accounting
Basis period reform fundamentally changes how law firm partnerships and LLPs report tax. The 2024/25 transition affects profit allocation and could create significant tax bills for partners.
SRA Compliance & Trust Accounting
Essential guide covering SRA Accounts Rules compliance for client money handling, trust accounting requirements, and practical steps to avoid regulatory breaches.
SRA Compliance & Trust Accounting
COFAs face significant accounting responsibilities under SRA regulations, from client money oversight to financial controls. Understanding these duties is crucial for compliance and avoiding regulatory issues.
The reality
Legal practices have unique accounting challenges. Here's what happens when you work with accountants who don't specialize in the legal sector:
Managing client money, trust accounts, and 5-week reconciliations requires specialized knowledge. Generalist accountants often miss the nuances of SRA compliance, putting your practicing certificate at risk.
Basis Period Reform and potential employer NI changes for LLPs create uncertainty. Without specialist advice on profit allocation, drawings, and structure optimization, you may be paying more tax than necessary.
Law firms face average lock-up of 128-139 days. Without proper working capital management and cash flow forecasting, practices struggle with partner drawings and growth investment.
Valuing goodwill, planning partner retirements, and structuring practice sales require sector-specific expertise. Poor succession planning leads to lower valuations and unexpected tax charges.
Who we work with
Self-assessment · Expenses · MTD compliance
From self-assessment tax returns to allowable expense claims and Making Tax Digital preparation. Our solicitor accountants ensure your practice finances are compliant and your personal tax position is optimized, particularly with the April 2026 MTD rollout.
Partnership tax · LLP conversion · Profit extraction
Managing partnership profit allocations, drawings, and structure decisions creates complexity. Our law firm accountants provide clarity on partnership vs LLP taxation, profit extraction strategies, and long-term tax planning.
SRA compliance · Trust accounting · Reporting
If you're responsible for client money and SRA compliance, you need accountants who understand the Accounts Rules as well as you do. We handle reconciliations, Accountant's Reports, and regulatory compliance so you can focus on practice management.
How we work
From SRA compliance to strategic tax planning, we provide comprehensive accounting services tailored to the legal sector.
Accurate client account reconciliations, trust accounting, and preparation of annual Accountant's Reports in full compliance with SRA Accounts Rules. We ensure your client money handling meets regulatory standards.
Complete handling of partnership tax returns, LLP member allocations, and individual partner self-assessments. We navigate Basis Period Reform and optimize profit extraction strategies.
Expert VAT advice on legal services, disbursements vs expenses treatment, counsel fees, and registration thresholds. We ensure your VAT position is correct and compliant.
Working capital management, lock-up reduction strategies, and cash flow forecasting tailored to legal practices. We help you manage partner drawings and fund practice growth.
Advising on partnership vs LLP structures, conversion tax implications, and profit extraction strategies. We help you choose and implement the most tax-efficient structure for your practice.
Expert guidance on practice valuations, goodwill calculations, partner retirement planning, and practice sales. We ensure smooth transitions and optimal tax treatment.
Why it matters
When you work with accountants who specialize in the legal sector, here's what changes:
| Area | With specialist solicitor accountants |
|---|---|
| SRA Accounts Rules compliance | Handled with specialist knowledge |
| Client money reconciliations | Completed accurately every 5 weeks |
| Partnership & LLP tax returns | Prepared and filed on time |
| VAT on legal services | Correctly applied and reported |
| Practice cash flow management | Monitored and optimized |
| Practice succession planning | Structured for optimal tax treatment |
Why choose us
Every accountant on our team specializes in SRA Accounts Rules, client money compliance, partnership/LLP taxation, legal sector VAT, and practice succession planning. We speak your language and understand your regulatory environment.
Beyond compliance, our solicitor accountants provide strategic tax planning, structure optimization, and practice finance advice. We help legal professionals make informed financial decisions to protect and grow your practice.
Fixed fees, no jargon, and direct access to your dedicated solicitor accountant. We're here to provide clarity and support whenever you need it.
Get started
Whether you're a sole practitioner managing self-assessment, a partner navigating LLP conversion, or a COFA ensuring SRA compliance, we're here to help. Fill in the form below and we'll arrange a short introductory call to discuss your specific needs.
Legal practices face unique accounting challenges that generalist accountants often don't understand. SRA Accounts Rules require strict client money handling, 5-week reconciliations, and annual Accountant's Reports. Partnership and LLP taxation involves complex profit allocations, drawings, and Basis Period Reform implications. VAT on legal services has specific rules around disbursements and counsel fees.
A specialist solicitor accountant understands these nuances, ensures regulatory compliance, and provides strategic advice on practice structure, succession planning, and tax optimization. With 26.2% of SRA firm closures due to accounting breaches, having specialist support isn't just helpful—it's essential for protecting your practicing certificate and optimizing your practice finances.
Ready to work with a specialist solicitor accountant?