At a Glance
- Tasks: Manage finances, improve operations, and support strategic decisions in a law firm.
- Company: Established law firm with a focus on financial performance and operational excellence.
- Benefits: Competitive salary, professional development, and a chance to lead teams.
- Other info: Opportunity for career growth and to work closely with senior partners.
- Why this job: Be a key player in driving financial success and operational improvements.
- Qualifications: Experience in finance management, preferably in legal or professional services.
The predicted salary is between 56700 - 69300 £ per year.
An established and successful law firm is seeking an experienced Practice Manager to work closely with the Partners, taking responsibility for the firm's finance function, operational performance and regulatory compliance.
This is an excellent opportunity for a commercially minded finance professional who enjoys working beyond the numbers.
You'll play a key role in managing the financial performance of the firm while driving operational improvements and supporting the Partners with strategic decision-making.
Reporting directly to the Partners, your responsibilities will include:
Producing monthly management accounts, financial reports and KPI dashboards.
Managing budgeting, forecasting, cash flow and working capital.
Monitoring profitability by department, fee earner and matter, providing commercial insight to support business decisions.
Overseeing the firm's finance function, including billing, credit control, purchase ledger and payroll.
Managing the firm's annual budgeting process and liaising with external accountants and auditors.
Ensuring compliance with SRA Accounts Rules, VAT and other regulatory requirements.
Developing and improving financial controls, reporting processes and practice management systems.
Supporting the Partners with strategic planning, business growth initiatives and financial analysis.
Managing supplier relationships, facilities and the day-to-day operations of the practice.
Leading and developing the finance and administration teams.
You'll ideally be an experienced Practice Manager, Finance Manager or Financial Controller with:
Experience within a legal or professional services environment.
Strong management accounting, budgeting and cash flow experience.
Excellent commercial acumen with the ability to interpret financial information and influence business decisions.
Knowledge of SRA Accounts Rules or experience working within a regulated environment.
Strong leadership and people management skills.
A proactive approach to improving systems, processes and financial controls.
Excellent communication skills with the confidence to work alongside Partners and senior stakeholders.
If you're looking for a role where you can combine strong financial management with operational leadership and become a trusted adviser to the Partners, we'd love to hear from you.
If you are interested in this Practice Manager opportunity or would like any further information, please do not hesitate to contact Richard Warwick at IPS Finance.
IPS Finance has 45 years experience in the Yorkshire accountancy recruitment market.
We have built our business on long term relationships with both individuals and clients in all sectors, bringing real benefits to all concerned.
Please visit the IPS Finance website to view the latest accountancy / finance and practice opportunities.
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Practice Manager in London employer: IPS Group
Join a well-established independent firm of Chartered Accountants in Selby, where you will thrive in a supportive work culture that values professional growth and development. With a diverse client base, this role offers the chance to enhance your skills while enjoying competitive benefits and a collaborative environment that fosters teamwork and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Practice Manager in London
✨Get Involved in Law Societies
Join local law societies and attend their events – they're often a goldmine for networking and job opportunities in the legal field. Plus, it’s a great way to meet other budding lawyers and experienced solicitors who could provide vital insights and connections.
✨Tap into Online Legal Communities
Don’t underestimate the power of online platforms like LinkedIn and specific legal forums. Get active in discussions or share your thoughts on recent legal developments – this not only builds your visibility but also showcases your passion and knowledge in law.
✨Attend Career Fairs and Workshops
Look out for career fairs and workshops specifically focused on law. Many law firms, including IPS Group, will be scouting for fresh talent, so bring your A-game and don’t shy away from making a memorable impression.
✨Leverage Your University’s Career Services
If you’re still in university or have recently graduated, latch onto your career services! They often have connections with law firms looking for graduates and can guide you through the application process tailored for the legal sector.
We think you need these skills to ace Practice Manager in London
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at IPS Group, make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in IPS Group and the specific role of Practice Manager. Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
Stay Formal but Friendly:While we all know the legal world can be pretty formal, don’t be afraid to let a bit of personality shine through in your written application. Use a respectful tone, but feel free to inject a little warmth; this approach can help you stand out and show you're a great fit for IPS Group’s culture!
How to prepare for a job interview at IPS Group
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
✨Show Off Your Research Skills
As legal professionals, strong research skills are a must. Have examples ready of how you've effectively used legal databases or conducted thorough legal research in your past experiences. It's a great way to demonstrate your readiness for the role at IPS Group.
✨Exude Professionalism and Confidence
In the legal field, professionalism is key. During the interview, we should maintain good eye contact and communicate clearly to show that we’re not just knowledgeable, but also confident. This can make a positive impression on your potential colleagues at IPS Group.
