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COFAs – PI insurance claims and losses: are your client payment controls robust?

One of the COFA’s core duties is to safeguard client money by ensuring the law firm has sound accounting controls and procedures. Jason Mitchell looks at a law firm’s payment controls and at situations which could potentially lead to a professional negligence claim with the firm’s professional indemnity (PI) insurers or result in a financial loss to the practice.

VAT treatment of statutory charges

The ILFM explains the VAT treatment of statutory charges, such as land charges and land registry fees, following the Brabners first tier tribunal decision.

The bearer of good news

This year, for the first time, the Law Management Section’s Financial Benchmarking Survey report is free for all practices. And the results show continued improvements across the market. Andy Harris explains.

Succession planning

Joseph Robertson of Lloyds Bank Commercial Banking provides his top tips for effective succession planning.

Finance leaders in law

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Martyn Draper of Totum Partners explores why the future of law might just lie in the hands of the accountants.

Getting the best deal? Is it time to make your move?

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Andy Harris of Hazlewoods provides updates on the changes to the SRA’s minimum terms and conditions for those switching regulators and the Making Tax Digital delays.

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