Why Solicitors Choose APH
- Legal sector specialists – We understand solicitors’ accounts rules, client money handling, and SRA compliance requirements.
- Client account expertise – We handle client account reconciliation, ensure proper segregation, and maintain compliance with SRA rules.
- Partnership accounting – We support law firm partnerships with profit allocation, capital accounts, and partner tax planning.
- Proactive compliance – We stay on top of regulatory changes and ensure your practice remains compliant with SRA requirements.
- Fixed fees – Transparent pricing with no surprise bills. Monthly packages tailored to legal practices.
Our Accounting Services for Solicitors
- Client Account Reconciliation – Monthly client account reconciliation, bank reconciliation, client ledger management, SRA compliance checks.
- Partnership Accounting – Partnership accounts, profit allocation, capital accounts, partner drawings, tax planning for partners.
- Practice Management – Management accounts, work in progress tracking, debtor management, cash flow forecasting, profitability analysis.
- SRA Compliance – Accountants’ reports for SRA, compliance monitoring, client money procedures, regulatory advice.
- Tax Services – Partnership tax returns, individual partner returns, corporation tax (for LLP structures), VAT returns, tax planning.
- Payroll – Staff payroll, RTI submissions, pension auto enrolment, partner drawings, employment tax compliance.
What Business Owners Say
William White
“My business partner and I have been clients for a number of years. We’ve found them both professional and friendly. We’re very happy to recommend our personal account manager Matt Newman.”
Phil Paul McWilliam
“I have used APH for a number of years. Paul, Helen and Carla have looked after my accounts in an extremely professional and timely manner. Their advice has helped me on a business and personal level.”
Mike Waywell (Multiple Businesses)
“I can’t recommend APH highly enough. They’ve been brilliant supporting me across two different businesses, handling everything from regular tax submissions and bookkeeping right through to restructuring shares and selling one of the companies.”
Legal Practices We Support
- High Street Solicitors – General practice firms, family law, conveyancing, wills and probate, personal injury.
- Commercial Law Firms – Corporate law, commercial property, employment law, business disputes, contract law.
- Specialist Practices – Immigration law, criminal law, legal aid practices, niche specialist firms.
- Sole Practitioners – Solo solicitors, small practices, newly qualified solicitors setting up practice.
- Partnership Firms – Traditional partnerships, LLPs, multi-partner firms, merging practices.
- Legal Consultants – Freelance solicitors, legal consultants, interim lawyers, contract lawyers.
Understanding Solicitors’ Accounting Requirements
- Client Account Rules – Solicitors must maintain separate client accounts, reconcile monthly, and comply with strict SRA rules on client money handling.
- SRA Compliance – The SRA requires annual accountants’ reports for firms holding client money. We prepare these reports and ensure ongoing compliance.
- Partnership Complexities – Law firm partnerships require careful profit allocation, capital account management, and individual partner tax planning.
- Work in Progress – Legal practices must manage WIP carefully, understanding locked-up capital and cash flow implications of long cases.
- Professional Indemnity – We understand the accounting implications of PII requirements and claims management.
Common Challenges We Solve
- Client account reconciliation – We ensure your client accounts balance monthly, identify discrepancies quickly, and maintain SRA compliance.
- Partnership profit allocation – We calculate partner profit shares, manage capital accounts, and handle complex profit-sharing arrangements.
- Cash flow from WIP – We help manage cash flow when significant value is tied up in work in progress and unbilled time.
- Partner tax planning – We optimise individual partner tax positions, plan for partner drawings, and manage tax efficiently.
- SRA compliance pressure – We take the stress out of regulatory compliance, ensuring you meet all SRA accounting requirements.
Frequently Asked Questions
Yes. We prepare annual accountants’ reports required by the SRA for firms holding client money, ensuring full compliance.
Yes. We provide monthly client account reconciliation services, ensuring compliance with SRA accounts rules and identifying issues early.
Yes. We have extensive experience with legal partnerships including profit allocation, capital accounts, and partner tax planning.
Yes. We support law firm mergers including due diligence, valuation, partnership agreement accounting, and post-merger integration.
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