We are pleased to announce a trio of new starters at Ascentant Accountancy. Viv Knight joins us as Practice Administrator, taking charge of onboarding new clients, managing the CRM and managing Office Administration. Viv previously worked at Scarsdale Vets and brings a vast amount of expertise and knowledge to the team. Marie O’Reilly joins us…
Only two years ago, we were facing the prospect of negative interest rates, having sat an all time low of 0.1%. Fast forward and they are forecast to rise to 6% and beyond next year. What does that mean for your Client Account Interest policy? With rates having not moved for a fair while, you…
As a law firm that’s probably not a question you want to answer even if you are a practice who has adopted some disruptive marketing or have wiped out hourly rates for client fees.
Ascentant’s Managing Director Kevin is XERO and LEAP Legal Ltd certified. Wooohoooo certificates for the wall or more than that?
The latest Bellweather Report from Lexis Nexis highlights the challenges facing small law firms and sole practitioners. The Bellweather report is an annual survey of independent Law Firms through England and Wales, providing an insight into the small law sector. Over half of the firms surveyed said they were growing, with 65% planning to grow…
Legal practices must have good financial controls and governance in place to adhere to the Solicitors Accounts Rules and prevent breaches.
Breaches generally fall into two categories of material and non material breaches
Cost Savings – Outsourced vs In-House Cashiers Firstly, let’s look at how much it costs to employ an in-house Legal Cashier. Most firms benchmark and budget based on an annual salary alone. But the true cost of employing a Legal Cashier in-house is vastly more and can add a third to the cost of the…
The Ascentant Legal Cashiering team have gotten busier over the last year servicing Law Firms across the country. So we’ve welcomed Lucy to the team as our finance administrator.
What value do you assign to the role of a legal cashier in your law firm? Do you see them as invaluable to the success of your practice or as a cost?
It’s a simple question – and unfortunately many don’t. Legal Practice Management Systems (PMS) vary significantly and it is impossible for accountant’s to know the intricacies of every accounting system in every industry in which their clients operate. Legal PMS’s vary from those built to be UK centric or global which can determine how well…