Solicitors & Law Firms

Bring more agility and sure-footedness in an extremely competitive environment

Let's Work Together

More Adaptability to Meet Evolving Challenges

Solicitors are in great demand in the UK, with an annual growth of 5% in the legal services market predicted for the next few years. Whether you are a freelance solicitor or part of a law firm, you can face unique difficulties that can hold your growth back. DSK, with its deep-seated experience in this sector, understands the challenges and have proven solutions for the same.

Nishit Shah

Expertise that Drives Growth

Accounting for solicitors and law firms is a specialist area that requires an understanding of the rules and regulations applicable in this sector. At DSK, our accounting experience, in conjunction with business and financial advisory services, helps solicitors solve their biggest challenges. These challenges are a product of increased competition, changing demands as well as geopolitical machinations such as Brexit.

Solutions for Solicitors & Law Firms

SRA Accounting and Audit

All solicitors are required to be compliant with Solicitors Accounts Rules and ensure accurate and timely accounts preparation. DSK not only helps your firm in accounting and reporting but also conducts a thorough SRA audit to ensure the highest compliance standards.

We can help you with:

  • Solicitors Regulation Authority (SRA) Audits
  • Solicitors Accounts Rule (SAR) reports
  • Incorporation or Limited Liability Partnerships
  • Partnership changes
  • Practice finance
  • Accounting & Bookkeeping
  • Xero cloud bookkeeping

Legal Tax Planning & Compliance

DSK’s specialist accountants understand the distinctive needs of solicitors and law firms. We keep up with changing legislation on legal accounting to ensure you meet your tax obligations. We are also well-versed in client trust fund accounting, client ledgers and other specific legal tax requirements.

In addition to traditional tax and accounting services, we can help you with:

  • Tax Advice
  • Partner, partnership, and corporate tax returns
  • Company secretarial
  • Tax investigation assurance
  • Payroll services
  • HMRC Tax investigations

Strategy & Growth

With numerous years of experience working with solicitors and law firms, we can guide your firm through change by identifying ways to improve financial operations, developing risk strategies, improving internal controls, and overall business operations. Our accounting professionals provide deep financial and accounting services, as well as business consulting, specific to the legal profession.

We can help you with:

  • Strategic planning and growth
  • Implementation of Practice Management Tools
  • Partner compensation and restructuring
  • Pricing and Profitability
  • Risk management and governance
  • M&A strategic advice
  • Succession planning

Take the First Step

To speak to a partner or for more information about the services we offer please contact one of the DSK offices or complete our contact form below.

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