Practice Accounting
8 articles on practice accounting for UK solicitors and law firms.
Practice Accounting
UK solicitor hourly rates in 2025/26 range from £150 at a regional high-street trainee to £1,500+ at a Magic Circle senior partner. We break down realistic ranges by fee-earner level, region, and practice area — useful for clients budgeting and firms benchmarking.
Practice Accounting
UK LLP filing deadlines 2025/26: SA800 partnership return due 31 January following tax year end. LLP accounts at Companies House 9 months after year-end. Each member's personal SA due 31 January. We cover the full filing calendar plus penalties.
Practice Accounting
A practical guide for UK law firms on tightening billing discipline before quarter end, covering WIP conversion, cash collection strategies, and partner accountability. Includes real examples for equity partners, COFAs, and fee-earners.
Practice Accounting
A practical comparison of fixed fee and hourly billing models for UK law firms, covering VAT timing, profit recognition, and cashflow implications for solicitors and partners.
Practice Accounting
Setting fee earner targets in a UK law firm requires balancing chargeable hours, utilisation rates, and fee realisation. This guide explains how to design targets that align with firm profitability, partner expectations, and SRA compliance. Includes worked examples for equity partners, salaried partners, and assistant solicitors.
Practice Accounting
Cash flow pressure is a common challenge for UK law firms, especially those handling long-running litigation or conveyancing. This article explains how solicitors and partners can improve liquidity without external borrowing, using better WIP funding, client account discipline, and cash flow forecasting.
Practice Accounting
Monthly management accounts are a critical tool for law firm partners to monitor profitability, cash flow, and fee-earner performance. This guide explains how to structure them for actionable insight, not just compliance.
Practice Accounting
Work in progress (WIP) valuation is a critical accounting decision for any UK law firm. This guide explains the two main methods (earnings basis and billings basis), their tax implications, and how to choose the right approach under FRS 102 for your solicitor practice.