Financial & Management Consultants for Professional Services Firms
With the introduction of new Solicitors Accounts Regulations in 2023, increased scrutiny of accounting matters by the Law Society, and continuing changes to the legal accounting systems environment, the role and responsibilities of the legal accounts team in Irish law firms has changed significantly in recent years. We at Outsource have been providing support to these accounts departments for over 20 years and understand that staying abreast of these changes can be difficult, particularly for smaller firms where responsibilities for accounts may rest with just one or two individuals. In light of this, we have developed a refresher course consisting of two one-hour sessions which look at the common issues faced by the legal accounts teams, the key accounting controls which every firm should have, and the practical impact of the new Solicitors Accounts Regulations for Irish firms.
The first session will focus on day to day accounting matters and will include:
• Legal Accounting Ledgers
• Understanding the Matter Ledger
• Managing Matters – Best Practice & Common Issues
• Legal Accounts – Key Controls
• Law Society Audits
The second session will focus on the new Solicitors Accounts Regulations (SARs) and will cover:
• SARS – Refresher on the Core Regulations
• SARS 2023 – Key Amendments and Effective Dates
• Accounting for Client Interest
• Common Faults / Breaches
• Role of Accounts Team for ensuring that SARs obligations are met
To accommodate attendees the sessions are pre-recorded and delivered over two one-hour webinars.
To secure your place please complete the booking form below
Who will benefit?
These training sessions will benefit any member of the legal accounts team, but particularly those that are either new to the accounting role, or those who have sole responsibility for the accounts function in their firm and would benefit from hearing from their peers and learning about current best practice in legal accounts.
Cost
(Take advantage of our multiple booking discounts)
• 1 delegate €150
• 2 delegates from the same firm €275• 3 delegates from the same firm €330