Specialist accounting for UK solicitors and law firms
SRA Accounts Rules compliance, trust accounting, partnership tax, LLP conversion, and practice succession planning. We understand the unique challenges facing legal practices.
Trusted by legal professionals
26.2% of SRA firm closures are due to accounting breaches. With heightened regulatory scrutiny, MTD for Income Tax starting April 2026, and complex partnership taxation, you need accountants who understand the legal sector.
100% legal sector focus. Every accountant on our team works exclusively with solicitors, law firms, and legal practitioners.
100% pass rate on SRA Accountant's Reports. We understand the Accounts Rules and client money regulations as well as you do.
Clear, agreed fees with no hidden charges. You know exactly what you're paying for.
What our clients say
“Our SRA accountant's report was always stressful with our old firm. These specialists handle client money reconciliations monthly, so year-end is straightforward. No surprises, no compliance risks.”
Latest insights
Stay informed with our latest articles on SRA compliance, tax planning, and practice management.
VAT & Compliance
Conveyancing legal services are standard-rated for VAT at 20%. This guide works through the VAT treatment of a conveyancing matter end to end in 2026/27: your firm's fee, property searches (and why most are not disbursements after Brabners), HM Land Registry registration fees, the property transaction tax paid for the client, and CHAPS recharges.
Partnership & LLP Structure
An LLP is tax-transparent, so each member is taxed as a self-employed partner on their allocated profit share, not on the cash they draw. This guide covers the income tax and Class 4 NIC charge, payments on account, qualifying loan interest relief on a capital buy-in, and the salaried member exception that can pull a fixed-share partner into PAYE.
Trainee & Paralegal Tax
UK trainee solicitor salaries in 2026/27 range from £25,000 at small high-street firms to £60,000+ at Magic Circle firms. Most are in £28,000-£40,000 range. We cover salaries by firm type, post-qualification jumps, take-home after tax and student loan.
The reality
Legal practices have unique accounting challenges. Here's what happens when you work with accountants who don't specialize in the legal sector:
Managing client money, trust accounts, and 5-week reconciliations requires specialized knowledge. Generalist accountants often miss the nuances of SRA compliance, putting your practicing certificate at risk.
Basis Period Reform and potential employer NI changes for LLPs create uncertainty. Without specialist advice on profit allocation, drawings, and structure optimization, you may be paying more tax than necessary.
Law firms face average lock-up of 128-139 days. Without proper working capital management and cash flow forecasting, practices struggle with partner drawings and growth investment.
Valuing goodwill, planning partner retirements, and structuring practice sales require sector-specific expertise. Poor succession planning leads to lower valuations and unexpected tax charges.
Who we work with
Self-assessment · Expenses · MTD compliance
From self-assessment tax returns to allowable expense claims and Making Tax Digital preparation. Our solicitor accountants ensure your practice finances are compliant and your personal tax position is optimized, particularly with the April 2026 MTD rollout.
Partnership tax · LLP conversion · Profit extraction
Managing partnership profit allocations, drawings, and structure decisions creates complexity. Our law firm accountants provide clarity on partnership vs LLP taxation, profit extraction strategies, and long-term tax planning.
SRA compliance · Trust accounting · Reporting
If you're responsible for client money and SRA compliance, you need accountants who understand the Accounts Rules as well as you do. We handle reconciliations, Accountant's Reports, and regulatory compliance so you can focus on practice management.
How we work
From SRA compliance to strategic tax planning, we provide comprehensive accounting services tailored to the legal sector.
Accurate client account reconciliations, trust accounting, and preparation of annual Accountant's Reports in full compliance with SRA Accounts Rules. We ensure your client money handling meets regulatory standards.
Complete handling of partnership tax returns, LLP member allocations, and individual partner self-assessments. We navigate Basis Period Reform and optimize profit extraction strategies.
Expert VAT advice on legal services, disbursements vs expenses treatment, counsel fees, and registration thresholds. We ensure your VAT position is correct and compliant.
Working capital management, lock-up reduction strategies, and cash flow forecasting tailored to legal practices. We help you manage partner drawings and fund practice growth.
Advising on partnership vs LLP structures, conversion tax implications, and profit extraction strategies. We help you choose and implement the most tax-efficient structure for your practice.
Expert guidance on practice valuations, goodwill calculations, partner retirement planning, and practice sales. We ensure smooth transitions and optimal tax treatment.
Why it matters
When you work with accountants who specialize in the legal sector, here's what changes:
| Area | With specialist solicitor accountants |
|---|---|
| SRA Accounts Rules compliance | Handled with specialist knowledge |
| Client money reconciliations | Completed accurately every 5 weeks |
| Partnership & LLP tax returns | Prepared and filed on time |
| VAT on legal services | Correctly applied and reported |
| Practice cash flow management | Monitored and optimized |
| Practice succession planning | Structured for optimal tax treatment |
Why choose us
Every accountant on our team specializes in SRA Accounts Rules, client money compliance, partnership/LLP taxation, legal sector VAT, and practice succession planning. We speak your language and understand your regulatory environment.
Beyond compliance, our solicitor accountants provide strategic tax planning, structure optimization, and practice finance advice. We help legal professionals make informed financial decisions to protect and grow your practice.
Fixed fees, no jargon, and direct access to your dedicated solicitor accountant. We're here to provide clarity and support whenever you need it.
How we can help
Use our free calculators and pillar guides to understand your firm's position before speaking to anyone.
Compliance floor for sole practitioners and small firms. SRA Accountant's Report, statutory accounts, partnership and personal self-assessment, basic tax planning.
For scaling LLPs, multi-partner firms, and complex transactions including practice sale, acquisition and post-merger integration.
Free resources
Free calculators, pillar guides, a tax-rates reference, and a 10-minute firm health check. All UK 2025/26 rates and current SRA Accounts Rules.
Diagnostic · 10 min
15+ solicitor-specific rules across SRA, FA 2014, BADR, structure, MTD.
6 calculators
Valuation, FA 2014 test, LLP profit share, take-home, PII estimator, SRA reserve.
6 pillar guides
SRA Accounts Rules, partnership vs LLP, post-merger, PII, COFA, fee-share vs equity.
Reference · 2025/26
Income tax, NI, CT, BADR, dividend, CGT, plus legal-sector specifics.
Get started
Whether you're a sole practitioner managing self-assessment, a partner navigating LLP conversion, or a COFA ensuring SRA compliance, we're here to help. Fill in the form below and we'll arrange a short introductory call to discuss your specific needs.
Legal practices face unique accounting challenges that generalist accountants often don't understand. SRA Accounts Rules require strict client money handling, 5-week reconciliations, and annual Accountant's Reports. Partnership and LLP taxation involves complex profit allocations, drawings, and Basis Period Reform implications. VAT on legal services has specific rules around disbursements and counsel fees.
A specialist solicitor accountant understands these nuances, ensures regulatory compliance, and provides strategic advice on practice structure, succession planning, and tax optimization. With 26.2% of SRA firm closures due to accounting breaches, having specialist support isn't just helpful—it's essential for protecting your practicing certificate and optimizing your practice finances.