LSC Speciality Quality Mark and Lexcel accreditation services
Are you applying for the LSC Speciality Quality Mark or Lexcel accreditation? You’ll need to provide financial documents like management accounts, variance analysis, cash flow forecasts and more. We’ll help you get these documents in order.
Experienced and tech-savvy bookkeepers
Supervised by Chartered Certified Accountants
Solicitors accounts rules compliant
Keeping legal accounting easy
Why consider Lexcel & LSC accreditation?
If your law firm achieves accreditation, it’s proof that you excel in key areas of legal practice management.
Lexcel and LSC accreditation is a highly beneficial tool for risk management and client care—we’ve seen it lead to the increased efficiency and profitability of solicitors.
In particular, it can offer you:
- confidence in meeting your regulatory obligations
- discounts on annual professional indemnity premiums
- insurance offers from a wider variety of indemnity insurers
- increased client base through successful tenders for new work
Show excellence in account management
That’s where we come in. If you’re looking for help balancing your books, cleaning up a backlog, or just tying up a loose end in your accounts before undergoing accreditation, contact us today. Our legal cashiers have experience in preparing law firms like yours.
Organise financial evidence for an assessment
When preparing for Lexcel or the Specialist Quality Mark, start with the current standard and the information requested by your assessor. Identify which accounting records and reports already exist, which need updating and who within your practice is responsible for providing them.
Connect reports with your procedures
Financial information is easier to review when the reporting period and supporting explanations are clear. Keep the relevant accounts, budgets and other requested schedules together, and note any outstanding questions before the assessment.
Use the current scheme guidance
The Law Society’s Lexcel guidance explains the scheme, including financial management. The Legal Aid Agency’s quality standards guidance covers the Specialist Quality Mark.
Our support concerns accounting information and financial documentation within an agreed scope. Accreditation decisions remain with the relevant assessment process. Explore our management accounts service or discuss the financial evidence you need help preparing.
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