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For Companies At a Glance
- Tasks: Lead the finance team and ensure smooth legal service delivery.
- Company: Join a well-known regional law firm with over 120 dedicated professionals.
- Benefits: Enjoy a dynamic work environment and opportunities for professional growth.
- Why this job: Be a key player in a high-pressure setting, shaping the firm's success.
- Qualifications: Experience in legal services and knowledge of Solicitor Accounts Rules required.
- Other info: This role offers potential for future compliance officer responsibilities.
The predicted salary is between 48000 - 72000 £ per year.
MFK Recruitment are happy to be working with a well-known Regional Law firm who provide a comprehensive range of legal services to both private and business clients.
They are now looking for a Legal Practice Manager to join their team, which already sits at over 120 strong.
Legal Practice Manager – The Role:
- The successful Practice Manager will report directly to the Board of Directors and CEO, managing a varied and demanding workload to ensure the smooth delivery of the firm’s legal services.
- As part of the role, you will be:
- Overseeing the finance department and reception team.
- Managing the firm’s accounts on a daily basis and handling annual financial responsibilities.
- Providing guidance on regulatory compliance, including SRA, AML, and SAR requirements.
- Organizing the firm’s insurance, accreditations, and the renewal of practicing certificates.
- Attending and contributing to Board meetings.
- Negotiating with third-party suppliers and enhancing organizational and performance systems.
- Strong organizational skills and the ability to resolve complex issues are essential. This hands-on role is ideal for a committed professional who thrives in a high-pressure environment and seeks to play a key role in the ongoing success of the firm.
Please note that this is not an extensive description of the role
Legal Practice Manager – The Requirements:
- Relevant prior experience within a legal or professional services setting
- In-depth knowledge of the Solicitor Accounts Rules, along with a strong understanding of the general responsibilities outlined in the SRA Handbook.
- A solid grasp of GAAP (Generally Accepted Accounting Principles) and accrual accounting methods.
- Familiarity with COFA (Compliance Officer for Finance and Administration) and COLP (Compliance Officer for Legal Practice) duties, with the potential to assume the COFA role in the future.
- Experience in drafting policies and procedures.
- Proven ability to meet deadlines and work independently with minimal supervision.
Legal Practice Manager employer: MFK Recruitment
Contact Detail:
MFK Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Practice Manager
✨Tip Number 1
Familiarize yourself with the Solicitor Accounts Rules and the SRA Handbook. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and regulatory standards.
✨Tip Number 2
Network with professionals in the legal field, especially those who have experience as a Legal Practice Manager. They can provide valuable insights into the role and may even refer you to opportunities within their firms.
✨Tip Number 3
Highlight your organizational skills and ability to manage complex issues during conversations or interviews. Prepare specific examples from your past experiences that showcase how you've successfully navigated high-pressure situations.
✨Tip Number 4
Stay updated on the latest trends and changes in legal practice management. This knowledge can set you apart from other candidates and show your proactive approach to the evolving legal landscape.
We think you need these skills to ace Legal Practice Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Legal Practice Manager position. Understand the key responsibilities and requirements, such as knowledge of Solicitor Accounts Rules and GAAP.
Tailor Your CV: Customize your CV to highlight relevant experience in legal or professional services settings. Emphasize your familiarity with compliance duties and any previous roles that required strong organizational skills.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the firm's needs and how your background aligns with the role. Mention specific experiences that demonstrate your ability to manage financial responsibilities and regulatory compliance.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for a Legal Practice Manager.
How to prepare for a job interview at MFK Recruitment
✨Showcase Your Legal Knowledge
Make sure to highlight your understanding of the Solicitor Accounts Rules and the SRA Handbook during the interview. Be prepared to discuss how your previous experience aligns with these regulations and how you can ensure compliance in the firm.
✨Demonstrate Organizational Skills
Since this role requires strong organizational skills, come prepared with examples of how you've successfully managed complex workloads in the past. Discuss specific situations where you resolved issues effectively under pressure.
✨Prepare for Financial Discussions
As the role involves overseeing the finance department, be ready to talk about your experience with GAAP and accrual accounting methods. You might be asked to explain how you would handle the firm's accounts and annual financial responsibilities.
✨Engage in Strategic Conversations
Since you'll be attending Board meetings, show your interest in contributing to strategic discussions. Think about how you can enhance organizational performance and be ready to share ideas on negotiating with third-party suppliers.
