The Institute of Legal Finance & Management - ILFM

The Institute of Legal Finance & Management is one of the UK's leading membership organisations in the legal sector. It provides qualifications, training, knowledge, support and information for anyone working in legal finance and in legal practice management. Our members include legal cashiers, accounts managers, compliance officers for finance and administration (COFAs), practice managers and sole practitioners. We offer recognised professional qualifications, regular training days on issues relevant to the industry, regulatory information and many support features and services, including an industry magazine. The Institute has become the resource of choice for thousands of leading professionals in the legal sector, including many considering a new career in the legal sector. The Institute is dedicated to driving innovation, advancing education and promoting excellence throughout the legal sector. Our training and education aim to raise awareness, advocate good business practice and maintain high standards, to ensure that clients’ money and assets are protected and treated ethically. We enjoy a close and robust working relationship with the Solicitors Regulation Authority (SRA), the main legal sector’s regulator, but we remain completely independent in our activities and in our advice to members. Sean Hankin, Head of Forensic Investigation and Intelligence at the SRA, gave his view: “Under Tim’s stewardship of the Institute, we have forged an excellent and mutually beneficial relationship. We have liaised closely with Tim and his colleagues in implementing our new Standards and Regulations and we are very grateful for the Institute’s technical expertise and understanding of the Accounts Rules. In particular, the Institute gave us a real insight into how the new Rules will impact firms and their finance and compliance functions. We recently spoke at the Institute conference which was an excellent event. ... look forward to continuing our work in 2020 and beyond.”