Where to start when promoting your law firm

Whether you’re a large organisation or a sole practitioner, it is important to look at how you can improve your branding. The best way to increase enquiries is using marketing. When considering how you can improve your firm’s presence, take time to research if you have poor conversion rates, a website that could be gaining more traction or even a lack of social media presence. It is key to recognise how important marketing and business development is when trying to reach growth targets, develop new leads and ultimately gain new clients. However, there are many lawyers and law firms who aren’t sure where to start or how to drive their business further.  

So, where do you start marketing your law firm? 

Websites are key

As the world is now digital, your website is the front door to your business. Your website is the foundation where all your leads will end up, whether they find you through social media, Google Ads or the many other ways to attract prospects. It’s important that your website is presentable, fast and has the information clients will be looking for. Look at your website from the reader’s perspective, and provide details and relevant content for the field of law you are specialising in. Here are some key aspects to consider when building your site – 

  • Make sure your site is introspective – Don’t tell visitors how you are the correct law firm for them, show them who you are. Show them what you know about a specific field of law by providing details and relevant content.  
  • Be passionate in your bio – Once you have ensured the rest of your website’s text informs the visitor of what your firm does and how it can benefit them, it’s time to talk about you! Describe how many years of experience you have, discuss the significant accomplishments you have achieved in your field, and even add a little bit about your hobbies. 
  • Professional photography – Add photos of all your team. There’s no need to have law books or fancy backgrounds. A consistent set of simple, professional images will allow viewers to see who they will be working with. 
  • Continuously update content – Add blogs, publications, links to podcasts and newsletters to your site often. Don’t let updating content stagnate – your website won’t look relevant or show care with old or out of date content being easily available. 
Attract new visitors with Google Ads

Now that you have the foundation prepared, Google Ads is a great way to bring people towards your website. To start off you will want to think about your budget, how much you will want to spend per month or perhaps you are more interested in using PPC (Pay Per Click) ads.  

Does the text of your advert read well? Is the messaging representing your business properly? Also, ensure that the links within your adverts land on appropriate pages which are fast, informative and will leave a positive impression on the visitor.  

You will need to choose your ad’s keywords. Pick words which are related to your company, services and words which you believe your potential clients may be typing into Google. Remember to take advantage of negative keywords so your ads do not show to the wrong audience, wasting your valuable budget money.  

Figuring out what’s important to your clients

Take time to figure out who you want your clients to be or who they currently are and where they can be found. Think about what language they want to be spoken to in – is it professional, friendly? Deciding what your client persona is going to be is a big step in attracting future clients and creating content that will draw them in. 

Measure your enquiries and figure out where your enquiries are coming from. Was it from your advert, your website or something else? You need to track what is working for you and what is worth investing in again. 

There are many ways to attract the attention of clients, whether it’s through paid adverts, social media campaigns, blogs, podcasts or events. Find people who care about what it is your company provides and bring them in to help you deliver on these marketing activities.  

What do potential clients need? Where are they located? And what kind of content might they be interested in seeing? To start growing your business’ enquiries, all you must do is figure out who your target audience is, what they require from your firm, and which form of advertising works best on grabbing their attention. You will be attracting leads in no time!

Let Cashroom worry about your finances while you focus on building your brand and business. Have a chat with our team to find out more.

E: info@thecashroom.co.uk 

P: 01695 550950 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
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Boost your business from beginner to brilliant with outsourcing

One of the easiest ways to boost your law firm from start-up to success is through the help of outsourcing.  

A lot of law firms focus their time and energy on servicing clients. This leaves little time to focus on other essential aspects of running a business. Most industries have management teams whose entire purpose is to run the corporate entity. Law firms can be quite different in this regard as they rely on the partners and the highest fee earners to generate income and make use of their expertise, making it harder to find time to look up from their workload of helping clients and reflect on their business. It is important to focus on the growth of your clients – but you need breathing space to move your own business forward too. 

What are the benefits?

If you want to scale and grow, outsourcing is essential.  

When asked about the benefits of outsourcing, law firms have put an emphasis on the time saving aspect. Fee earners are now able to focus on billable work rather than having to work through time consuming admin. 

They also discussed the ease of flexibility. Businesses may not have enough work worth hiring new staff for. However, when it comes to outsourcing, you can take or add the number of hours each week that are required to get certain tasks completed.  

Being able to scale and grow has been an essential aspect of outsourcing for firms. Businesses who were one or two person start-ups have been able to grow in just a couple of years into businesses with larger teams as they focus their valuable time on client relations and business development. With any extra work they are struggling with, instead of scrambling to get it finished at the last minute, they can rely on outsourcing to carry the extra workload when needed. 

Where do you begin deciding what to outsource?

Research what’s out there, what functions can be outsourced and ultimately what your end goal of outsourcing is. It may be to free up more time to focus on important tasks or you may not feel qualified enough to be the best person to complete specific tasks – that’s where the expertise of outsourcing can boost the quality of your work. Consider what will be the best return of investment for your business, for example, which tasks are slowing you down that could be handed over to someone more skilled. Also, make sure you are investing in the right outsourcing company – research client testimonials for the services you are interested in.  

What kind of questions should you have for a potential outsource provider?

Again, it is important to identify the tasks that you need assistance with. This will help you find a perspective partner as you can list the exact work you need help with, and you can be directed toward someone with the abilities to provide the services that you need. You must also ask about the contract (when you can leave if needed), the hourly rates, how many hours the provider wants from you and their GDPR/confidentiality contracts. 

What’s some advice that could be given to firms considering outsourcing?

Don’t wait, just react. Think about what you need to do to keep growth on track and prepare for any situation the economy may throw your way. There’s no better time to start than now with uncertainty and a new year ahead – so let someone with knowledge and experience help guide you to where you want to be. 

Ultimately, decide what you want to outsource, get the provider on board with your team, and go for it! It is impossible to grow a company all by yourself. Speak to the experts and see how your business can be encouraged to flourish.  

Start your research into outsourcing your legal accounting today by having a chat with Cashroom’s team. We would love to answer all your questions. 

E: info@thecashroom.co.uk  

P: 01695 550950 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
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Time for a fresh start?

New Year, new finance function?

It’s that time of year when we begin to reflect on what we can do better this year than we did last year. Working in the legal profession, making time to step back and reflect can be difficult but it is important for business development and optimising your processes for maximum return. 

For many firms, now may be the time you begin to look at your business, your processes and procedures and how you could improve these. This includes your finance function – could your finance function be improved to save your fee earners time and accelerate organisational growth?  

If your firm is looking at your strategy and processes for this next year, Cashroom can help you increase efficiency, reduce risk and ensure compliance with our fully outsourced finance function.  

Why use an outsourced finance function?

Using an outsourced finance function allows you to focus on core elements of your business giving you the time you need to scale your business. You no longer need to worry about staff training, holiday cover, sick cover, pensions or parental leave, these all become the responsibility of your outsourced provider.  

Outsourcing can help relieve a lot of the stresses law firms face when it comes to compliance, regulation and efficiency. A key reason firm’s look to outsource is to gain extra and more expert resource for a much lower cost. Alongside this, outsourcing your finance function frees up fee earners time to spend more time doing what they do best –practicing law and generating revenue.  

You can read more on the benefits of outsourcing in a recent blog article here.

At Cashroom, our legal cashiers consist of ILFM and SOLAS qualified Cashiers, Solicitors and Chartered Accountants, providing our clients with a unique support network for all aspects of managing their accounts department. In 2021 we launched our partnership programme with ILFM as a training resource for our client facing staff. Our directors have held partnership positions in top 50 law firms and many of our cashiers and accountants have worked in law firms so know first-hand what is required to support a law firms finance function.  

We have the ability to scale our services dependent on our client’s demand. This means clients are no longer paying senior members of staff to complete junior tasks and no longer need to worry about resource as we have that covered with over 135 members of staff.  

We’re not just your legal cashier, our service expands into management accounting, statutory accounts and tax returns and even finance director services where a member of our team will sit on your board each month to provide financial data insights to help your firm make the right decisions. We can provide a range of services to suit each client on a bespoke basis, from day-to-day cashiering, bank reconciliations and postings to year end reports and business consultancy. We can provide additional resource to your existing team or become your fully outsourced finance function, whichever service/s we provide, we see ourselves as an extended branch of your in-house team.  

Ready to reflect?

Are you ready to reflect on your processes and discover how outsourcing your finance function could save your firm time, money and resource?  

Get in touch with our team today for a confidential no obligation chat to discuss how Cashroom could support your firm’s new year plans become a reality.  

Email: info@thecashroom.co.uk  

Phone: 01695 550950 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

Cashroom Cares at Christmas

Working in the legal industry can be extremely rewarding and busy at the same time. It can be difficult to take a moment of calm in your day to yourself. Especially with the new hybrid working culture, switching off from work has been made even tougher. How many of us are guilty of having our work emails on our phones? Just quickly checking your messages and emails whilst wrapping presents or watching the TV? As accessible as technology has made remote and flexible working and the host of benefits that brings, we also need to remember to take time to fully switch off and re-charge, especially during the festive period. 

We are urging all our connections and Cashroom friends to take a moment to yourself and have a moment of calm in your busy day. Share your moments with us using the hashtag #CashroomCares. Whether it’s treating yourself to some chocolates, having a coffee, reading a book, whatever it may be that brings you calmness during your busy working days.  

Tips for taking a moment of Calm in your day
  1. Take 10 Breaths

Take a moment to breathe and reflect. Take 10 deep breaths. This is a great technique for when you may be feeling stress or having a tough day at work as this can be done anywhere. On your morning commute, at your desk or on your lunch. Take a few minutes to breathe. 

  1. List 3 positives for the day

When we are busy and feel stressed, it can be easy to forget the positives you may have completed in your day. Aim to list three things that have been positive at the end of your working day. Did you get a task done you have been putting off? Get through all of your to-do lists for the day? Receive some great client feedback? Whatever it may be that has been a positive in your day, take the time to note them down to reflect on.  

  1. Have a chat with a co-worker or friend

Especially when working remote, we can go hours of even days without speaking to our co-workers. Don’t be afraid to pick up the phone and have a chat, it doesn’t always have to be specifically about work. Ask them how their day is going and tell them about yours.  

  1. Go for a walk

Especially in the winter months, it can feel like we don’t see much daylight. Try to get out and go for a walk, in the morning or on your lunch break, it doesn’t have to be a massive hike, just a 5–10-minute walk can help relieve stress.  

At Cashroom, we encourage our staff to join in our daily mile. Staff are given the option to take an additional 15-minute break at 11am or 3pm whichever works best for them, to go outside and walk a mile. Getting away from your desk, even for a short time throughout the day, can increase productivity, relieve stress and allows you to re-charge a little. Plus, you can go with your co-workers to get everyone more motivated and social.  

How will you take your moment of calm and switch off over Christmas? Let us know on LinkedIn or Twitter using the hashtag #CashroomCares.

And to find out about our services or to book a call in with our team, get in touch: 

E: info@thecashroom.co.uk 

P: 01695 550950 

 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

12 Benefits of Cashroom

The holiday’s are just around the corner and we’re all looking forward to some downtime with friends and family and lots of good food and drink. But before we break off, in true Christmas spirit we want to remind you of the benefits that outsourcing your finance function to Cashroom can bring to your firm. 

It’s our Christmas gift to you… On the 1st day of Christmas Cashroom gave to me! 

One main point of contact

Working with Cashroom your firm will have a dedicated account manager who you can contact if you have any queries. You will also only need one set of login credentials when utilising our integrations for our client portal, reducing the risk of human error and cyber-crime.  

Two Billion

£2billion pounds of law firms clients monies transferred securely and efficiently each month by our expert legal cashiers. 

Three key benefits

 Our services allow firms to reduce risk, ensure compliance and increase efficiency.  

Four key integration partners

Our revolutionary web-portal integrates with four leading practice management systems, LEAP, Clio, Kylant and Denovo. This makes working with Cashroom even easier for our clients.  

Five senior managers and directors with unique experience in the legal sector

We have five senior managers and directors who have held senior roles at top 50 law firms – as well as some of our cashiers and accountants who have worked in finance functions for law firms, meaning they have first-hand experience working for firms just like you.  

Six services available

We have six core services available: 

Learn more about our services here.

Seven industry award shortlists

This year alone we have been shortlisted for seven industry awards, one of which one we went on to win – we are industry experts and our shortlists from this year alone support this, our service cannot be replicated by most law firms in house. 

Eight key banking partners  

Our integrations with our banking partners who include Barclays, Natwest and Santander allow us to significantly reduce the risk of human error when initiating payments and checking incoming funds.  

In the 9th month of the year we said ‘YES’ to the US

In September this year, after a successful trip in the summer, Cashroom employed and welcomed our first US bookkeeper to our ever-growing team.  

Over 10 years of supporting law firms 

Cashroom is now in our 15th year of supporting the industry with legal accounting. We have grown substantially over the past year and now have over 250 clients and over 4,500 users on our secure client portal.  

Eleven webinar collaborations

Our Cashroom experts have spoken on panels/co-hosted eleven webinars this year, covering key topics such as outsourcing dos and don’ts, open banking, business resilience, insurance, law firm growth and lots more. Our unique experience in the sector is just another reason why Cashroom is the ideal partner for your outsourced finance solution.  

Twelve months of continuous support for our clients

Using Cashroom means firms don’t need to worry about holiday cover, sick cover or parental leave. Cashroom gives you additional resource so that you can take your breaks rest assured that we have your accounts covered.  

 To find out more about our service or to book a call in with our team get in touch: 

E: info@thecashroom.co.uk 

P: 01695 550950 

We hope you all have a wonderful Christmas and New Year and all the best for 2023! We’re excited to see what the next 12 months will bring!  

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

Habito: A Happy Cashroom Client

Habito is an award-winning mortgage broker and home-financing service. In 2020, Habito expanded their Habito Plus home-buying service – this combines the mortgage, survey and legal work under one roof – to include an in-house law firm dedicated to conveyancing.  

To support this expansion of the business, Habito partnered with Cashroom to deliver compliant, efficient and risk avoidant finance services to the firm.  

About Habito

Habito is an award-winning home-buying and financing company on a mission to make mortgages easier and to transform the UK’s £1.6tn mortgage market by taking the hell – stress, jargon and unnecessary cost – out of financing a home. 

Since launching in April 2016, Habito has: 

  • Helped over 500,000 people better understand their mortgage needs 
  • Submitted more than £9 billion worth of mortgages 
  • Launched Habito Plus – a ground-breaking home buying service which brings a buyer’s mortgage application, conveyancing needs and survey under one roof – in January 2020 
  • Built an award-winning service – *British Bank Awards 2021 – Customer Service Champion; British Bank Awards 2020 – Best Mortgage Broker; MoneyNet Awards – Best Online Mortgage Broker 2019 & 2020 
  • Created a service customers love: it is the top-rated mortgage company on Trustpilot, with more than 7,600 reviews (90% at 5-stars) 
  • Achieved B Corp-certified status and taken its place among a global movement of companies using business as a force for good that puts social and environmental responsibility on the same level as profit 
  • Raised more than £68 million in equity from some of the biggest names in Venture Capital: Augmentum Fintech, Atomico, mojo.capital, Mosaic Ventures, Ribbit Capital, Regah Ventures, Volution and SBI Investment 

Find out more about Habito here.  

About Cashroom

Cashroom’s mission is to free lawyers from the complexities of legal accounting. Saving firms time and money whilst at the same time increasing efficiency, reducing risk and ensuring compliance. We have been supporting law firms for over 14 years and currently support over 250 law firms with over 4,500 users on our unique and dynamic client portal. Our experienced and qualified cashiers and accountants securely transfer over £2 billion each month for our clients. Cashroom work with firms of all shapes and sizes and can scale our services up and down dependent on demand, our services include:  

To find out more about our services get in touch with our team.

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

New product updates

Out of Office

You can now mark your portal account as out of office. 

Managed from your portal profile, you can set your status to “Out of Office” which will display a red dot on the bottom right of your profile icon across the portal. This indicates to other users that you are out of office. You can also set an optional status message which will display when hovering over your profile icon to explain the why and when around your absence.

This will be visible to everyone in your company and your extended team at Cashroom.

Out of office
Matter kanban boards

We have added kanban boards specific for a particular matter for all clients using integrated Practice Management Systems (Currently Clio, LEAP, Denovo and Klyant).

Cashroom - Matter kanban board

At a quick glance, you will be able to easily see the status of all requests or transactions relating to a matter. 

Navigate to the matter kanban from the matter details on any request.

Cashroom - request detail

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

Striving for bigger things? How outsourcing can help your firm’s growth

Why Outsource?  

Every law firm has the same goal, success for both their client and their business. But, running a successful law firm is not always easy.  

Outsourcing can relieve a lot of the stresses law firms face when it comes to compliance, regulation and efficiency. One key reason firm’s look to outsource is to gain extra and more expert resource for a much lower cost. Another is to allow firms to free up fee earners time to spend more time doing what they do best – practicing law and generating revenue. As firm’s strive for success and growth, freeing up more time to focus on core functions and client care is critical. 

Since the pandemic, there has been a significant increase in firms outsourcing. Cashroom have seen a 35% increase in clients outsourcing their finance function since March 2021.

Key Benefits to Outsourcing  
Innovation  

During the pandemic, 85% of firms were using some form of software to manage their firm. 83% of client meetings were virtual and 79% were storing their data in the cloud. Reuters have reported that the number of lawyers wanting to work remotely is now 86%, this is double pre-pandemic figures.  

Outsourcing gives firms access to the latest innovations and technology to enhance their processes but without the cost and stress of implementing it themselves. This means firms can access the latest technology to ensure their infrastructure is as robust and efficient as possible. Outsourced partners will have the ownership too, freeing up time for the fee earners and directors. Why pay for systems and take time for training when you can outsource to an expert who has helped other law firms just like you?  

Cost Savings  

Reduce long term expenses and stay within your budget. Outsourcing provides cost savings in multiple areas for law firms. Save costs on office space and avoid overpaying senior members of staff to complete junior tasks. Save on NI and pension contributions amongst many other staff costs. Outsourcing allows you to get specific jobs done at a lower cost without compromising on quality.  

Compliance  

Outsourcing increases compliance for law firms. By outsourcing to experts in a specific area, you can relax in the knowledge that you are compliant with the regulator. Your firms processes and procedures can be optimised by outsourced professionals, ensuring compliance – let outsourced professionals take the burden of compliance on, so you don’t have to.  

Accelerate Organisational Growth  

Outsourcing provides you more time to spend on core functions and growing your business. Outsourcing also provides the tools firms wouldn’t have access to on their own, gaining expertise and amending processes to ensure optimal efficiency for your firm allows your business to grow substantially quicker, especially with the support and guidance of specialists coming in who see the business from an outside perspective.  

Increase Resource 

Outsourcing increases resource for your organisation at a fraction of the cost. You don’t need to worry about holiday cover, sick leave, parental leave, or pensions, all of this becomes the responsibility of the outsourced provider. All the reward, none of the stress. This also means your firm can operate with a reduced turnaround time which supports you, especially during particularly busy periods.  

Efficiency  

Outsourcing increases efficiency for firms, meaning firms can focus on what they do best. Law firms can outsource administrative support, IT services, accounting and cashiering, money laundering, compliance checks and many other services. All of which allows firms to increase their efficiency when it comes to their processes. Increasing efficiency again allows firms to focus on what matters – their clients. 

To discuss outsourcing your finance function, speak to one of our experts today:  

info@thecashroom.co.uk  

P: 01695 550950 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

The American adventure continues

Back in the summer a team from Cashroom went out to USA on a fact-finding mission. We had done as much online research and as many virtual meetings as we could, but if we were to truly assess the potential of the States as a market, we needed to get over there.

The trip was a resounding success with a universally positive response to our products and services – the beginnings of a network were there.

The go/no go decision was relatively easy- it was an emphatic GO! We hired our first bookkeeper in Nebraska, which is where we will be basing our team in the US. We started looking at other potential key hires, and we made arrangements to head back to the states in October.

It was one of those ‘meant to be’ moments when we realised that our already arranged attendance at ClioCon on the 10th and 11th October would be immediately followed by the Nebraska State Bar Association annual conference on 12th, 13th and 14th. We decided to sponsor that conference and take a speaking slot.

So it was that on the weekend of 8th October an intrepid team set out to ClioCon which was in Nashville this year. Four of us from the UK, and two from the USA.

The scale of the event was mind boggling- thousands of attendees, hundreds of exhibitors and a packed programme of speaking events and networking opportunities.

As you know – I love an event. I’ve been to hundreds of events over the years. This was, by a country mile, the biggest legal sector event I’ve ever seen. The speakers were fascinating – certainly not just a stream of Clio sales talks. Oh, and we were treated to an evening at the Grand Ole Opry (pretty much the home of Country and Western music) watching a few amazing bands. Sometimes this job has some really great elements!

On the Tuesday evening we took internal flights to Omaha ready for the Nebraska conference. We got to bed about 1am and then were setting up our stands by about 0730 on the Wednesday. We were a little unsure what to expect, but the warmth of the welcome we received from the Bar members themselves and the lawyers and other exhibitors was wonderful. It’s also important to mention the size of that event too- to put it into perspective this event was bigger than any UK legal sector event except perhaps for LegalEx and Legal Geek, I’d say. Thousands of lawyers and more than 30 exhibitors.

We had some really positive conversations, often starting with “I love your accents” but very quickly moving onto, “your services sound like just what we need”. It was a week of hard work but our team also had great fun – Liz, our US book keeper, fitted right in (and put up with my jokes). We also enjoyed delivering a talk on risk, efficiency and compliance which seemed well received.

As we packed up our stand on the Friday, we were tired but elated from a busy and successful week.

Our move into the USA is very much in its infancy, however it feels like things are moving forward at a good pace, while ensuring we get the foundations right. Exciting times ahead at Cashroom!

Get in touch with our team today as we revolutionise legal accounting: 

Email: info@thecashroom.co.uk

Phone: 01695 550950

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

A happy Law Society, a happy law firm client

Cashroom helps over 250 law firms throughout the UK with running their outsourced cashiering, management accounts and payroll functions. Our ILFM (Institute of Legal Finance and Management) trained team also work hard so that compliance is ensured for our clients’ businesses. We can help with SRA (Solicitors Regulation Authority), CLC, Scottish Law Society or whatever regulatory regime the law firm falls under. We take care of the regulatory regime while law firms focus on what matters most to them – the law. 

One of the many firms who have benefited from Cashroom’s determination to ensure compliance is Law Firm X. They came from a position of not being sure how to use their Practice Management System – to having fantastic feedback from the Law Society of Scotland! But how did they achieve such amazing results, and how did we assist them on their journey? 

Law Firm X approached Cashroom back in 2020.

They had serious concerns about the state of their financial records and their ability to show compliance with the Law Society of Scotland Accounts Rules. This was following a Law Society of Scotland Inspection where the inspectors shared similar concerns.  

The main cause of the issues was the migration to and the use of their Practice Management System that no one had ever used before and so there were a considerable number of errors.

Cashroom then undertook a project to correct all these records and simultaneously began transition straight into one of our cashiering teams as well as an accounting team, where we began serving the daily cashiering and bookkeeping needs.  

As well as spending significant time fully understanding how the software works, we met with the client numerous times to completely understand their needs which allowed us to design robust processes that ensured compliance with accounts rules as well as meeting those requirements. We have now been working with this client for over 2 years and the firm is doing extremely well. 

Over the last 2 years we have worked hard to continue building the relationship with our team.

We meet with the Firm X regularly to discuss the ongoing service as well as taking time to understand how their business is growing and changing and how we can assist with that. This has resulted in us being asked to take on additional services, which is a great illustration of how well the team have worked over the last 2 years given the clients hesitation to outsource at the start of the relationship. It is a huge achievement that we have managed to gain this amount of trust with the client.

Finally, the client went through a Law Society re-inspection this year…

… And we received glowing feedback from the inspectors on how we had managed to turn the records around. This is amazing news and a huge congratulations to everyone who has been involved. A happy Cashroom team, a happy Law Society and, a successful law firm client! 

Cashroom ensures that firms are compliant with Solicitors Accounts Rules and other legislations. Your firm can benefit from this, just like our client did. Why not become another Cashroom success story! 

To find out more about our services that can help your firm, please contact daniel.jones@thecashroom.co.uk or call 07949 177 952. 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

What happens when I join Cashroom?

If you are thinking of outsourcing your finance department or even part of it then you already know that it is a big decision to make! 

At Cashroom, we can scale our services to suit your demands. We work with law firms of all shapes and sizes from sole practitioners to top 50 law firms. Our service is also tailored to our clients, we can service your entire law firms finance function from daily cashiering, management accounts to year end reports. We can also provide support in other areas such as our Finance Director service, credit control, payroll and statutory accounts – enabling your firm to grow with the help and support of our expertise.  

A common question we are asked is what happens when I join Cashroom? The initial stage of joining Cashroom is our transition process. This is where our dedicated transition team analyse and review your processes to see where we can save you time and money as well as getting you set up on our systems ready for your cashiering and/or accounting team to get to work on your accounts.  

Let us start at the beginning…  

When you decide you want to work with us, we will issue a proposal to your firm. This will include our bespoke quote to you for the services requested.  

Then your contract will be prepared and sent to you to sign. Once signed we can begin to get you set up as quickly as possible. We will also provide you with a link to sign up to our quick and easy direct debit service. Finally, we will conduct AML checks on all owners of the firm, once all of this is complete, we can begin the transition process.  

Transitioning to your Cashroom Team  

Our transition process is designed to ensure we have everything in place we need to support your firm, assess your current processes, and ensure we are working towards the same goals. The transition team will be on hand to answer any queries you have along the way and support you through your onboarding journey. 

Access to our unique, secure, and dynamic portal  

You will be provided access to our portal. This is where you will communicate with your team at Cashroom and track your requests. The portal provides a clear audit trail and removes the insecurities of email communication, enhancing security for your firm.  

Our portal also integrates with the banking network and leading Practice Management Systems including LEAP, Clio, Denovo and Klyant. Our integrations ensure compliance with seamless workflows that reduce duplication of data entry, save time, and reduce risk of human error.  

Getting started 

In order to get started, we need to know which systems you are currently using such as your accounting system and online banking platform. We will send you our transition documents to be completed. Your transition administrator will then request access to the relevant accounts ready for our in-service teams to use.  

You will also have a processes and procedures discussion with your transition team to discuss the agreed services and how our team will work. This gives you a full overview of how the teams will work on our end and opportunity to ask any questions you may have. From this discussion, your transition manager will then take the time to create a bespoke service guide for your firm. Your service guide acts as a reference of the agreed service and procedures and details responsibilities for both parties.  

Training & Support  

We will then host a remote training session for all staff members who need to be able to use the Cashroom portal and demonstrate the new accounting procedures we have agreed with the firm. Refresher training is available when required and our in-service team will be on hand to support you throughout your time with Cashroom if you need any further support with the systems.  

Ready to go! 

Once transition is completed you will be introduced to your dedicated in-service team to relax in the knowledge that your accounts are now in the hands of our Cashroom experts. https://www.thecashroom.co.uk/how-cashroom-is-committed-to-staff-training/ 

Interested in working with Cashroom?  

Get in touch with our team today: 

Daniel Jones – Sales & Business Development Manager  

Email: Daniel.Jones@thecashroom.co.uk 

Phone: 07949 177 952 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

Prepare to thrive during tough times

There is no point burying our heads in the sand and ignoring that times are tough – we can in-fact prepare and thrive in another recession. As well as previous recessions, the last few years have been pretty rough, but this means that law firms now have resilience and confidence they possibly did not have in the past. 

Many of you may or may not know that Cashroom was born in the 2008 recession. Founder Catherine O’Day was asked to help law firms who wanted to ensure compliant legal accounting and that the only staff the employed were their fee earners. It was clear to many firms back then that having compliant accounting and good management information was something they needed but could outsource. Over 250 UK law firms now work alongside Cashroom accountants and legal cashiers to do this. During the turbulent times we now find our country in, law firms are thinking again about how to survive.  

A lot can go badly wrong when it comes to accounting in law firms – especially if you put your accounting on the back burner even if you just plan to do it over a few months. 

A lot of areas of the law are what could be called ‘recession-proof’ and some legal services will always be needed regardless of the economy. Some problems are multiplied, and work becomes even more plentiful for some during a recession, for example family and criminal lawyers are likely to be as busy as ever. Good financial data is just as important for these firms, to allow good planning for sustainable growth.

So, some areas of the law are not going to do as well but firms where there may be financial problems need good financial data more than ever – this is not the time to scrimp on good accounting. Firms must strategically allocate resources to be prepared e.g., marketing spend, staffing costs, overheads. A professional legal cashier and accountant can help you manage your firm’s revenue and ensure your firm’s financial transactions are handled ethically and accurately. 

If you are the owner of a law firm, you should care about accounting for law firms and legal bookkeeping—a lot. Why? 
To ensure your firm’s financial statements are accurate, complete, and up to date, you need an excellent legal cashier or cashiering team.

Your firms’ financials should be handled in your firms’ best interests. Keeping your firm’s accounts in order may not be glamorous. But having up-to-date and accurate records and professional accountants experienced in accounting for law firms is key to unlocking law firm growth and financial success for your practice. 

Effective accounting for law firms is critical to your firm’s success. So be prepared, it’s likely going to be a bumpy journey ahead, but with the correct planning from good data your firm can ride out the rough road ahead. 

To find out how we can provide accounting services for your law firm, please email Daniel.jones@thecashroom.co.uk or call 07949 177 952. 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

PII and Cashroom, how to de-risk your finance function?

It’s that time of year again when firms begin renewing their Professional Indemnity Insurance. This can be a stressful time for firms with so much to consider. An outsourced finance function can not only de-risk your business, but also importantly streamline efficiencies. This makes your practice run smoothly so you can focus on fee earning during this busy time. 

In their ‘De-risk your finance function’ article, Lockton, one of the leading UK suppliers of PII said; ‘A good quality outsourcer will have processes in place and certifications to counter cyber threats. They will have robust recruitment and supervision procedures to minimise internal fraud and error risks. These processes will be augmented using cutting-edge technology, such as secure communication portals and training routines to ensure all staff are constantly updated on threats. Use of automation and task management tools will also minimise errors.’ 

You may be thinking, how is Professional Indemnity Insurance relevant to Cashroom? Let us tell you…  

While Cashroom does not provide or submit any Professional Indemnity Insurance on behalf of or for firms, working with Cashroom does ensure that firms are compliant with Solicitors Accounts Rules and other legislations which can only be a positive for firms when applying for their renewals.  

Being able to prove your compliance from your accounts can only support your Professional Indemnity Insurance. So how does Cashroom ensure compliance?  

Unique and Secure Technology  

Creating a secure service with further reduced risk payment methods for firms is a massive priority for our full-time technology development team. Cashroom has designed and developed a unique web portal which removes the insecurities of email communication for clients. This reduces the risk of human error, fraud, and other cyber-crime. Our technology has been developed in its entirety in-house and is monitored daily. Clients can log on and request tasks for their accountants and cashiers and have clear visibility of their accounts and tasks. With integrations into the leading Practice Management systems and the banking network, Cashroom makes law firms tools work better by integrating with industry leading software and custom applications right into our Cashroom Portal. 

Qualified Cashiers and Accountants  

Our partnership with ILFM (Institute of Legal Finance & Management) means all of our cashiers work through the ILFM cashiering programme to gain their recognised qualification. Meaning, all our cashiers are qualified or are in the process of gaining their qualification. In the case of training cashiers, they always have a team leader and manager to supervise them whilst they continue to develop their skills. With our trained staff, we are providing our clients with a unique support network in all aspects of managing their accounts department. Cashroom’s expertise and dedication to regular training means we are always ahead of the game when it comes to new regulations and compliance, providing peace of mind for our clients.  

Clear Audit Trail  

Our Cashroom portal not only reduces risk for our clients but provides a clear audit trail for their (and their insurers) visibility. We can deliver this through our secure web portal where clients can communicate with their Cashroom cashiers and accountants, log requests and see an overview of their accounts.  

At Cashroom, we believe a good quality outsourcer will have processes in place and certifications to counter cyber threats. These processes will be augmented by the use of cutting-edge technology, such as secure communication portals and training routines to ensure all staff are constantly updated on threats. The use of automation and task management tools to also minimise errors. That’s why we ensure we deliver all of this, so our clients get the best service. 

Watch the video from Lockton which discusses how Cashroom can de-risk your firm’s finance function.

If you would like to hear more about how we can ensure compliance with your law firm, please email Daniel.jones@thecashroom.co.uk or call 07949 177 952. 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

How do you find out what’s happening in your marketplace?

A large part of running a business is making decisions. The best decisions are made when you have all the information on your various options… but how do you gather that information (accepting always that you will never have perfect information!)?

Many of the more critical decisions I made as Managing Partner of a law firm, were based on my views on the market – should we hire a Commercial Property specialist? Yes if the market’s growing, no if it’s going to crash.

But where do you get that market information? How do you know if the market is going to crash?

There are of course lots of different ways, from expensive paid for surveys, to your own reading and day to day experience. However, one of the best ways I found was to speak to as many people in your market as possible, and “distill” their collective wisdom. Of course, I came across many conflicting views, and some utter nonsense, but, for on the ground market intelligence, speaking to people operating in my market was always helpful.

When I joined Cashroom, I found there were very few firms operating in our market (outsourced legal accounting), but I could speak with lots and lots of solicitors?

Cashroom now acts for over 220 firms across the UK.

As Chairman, part of my role is to speak with as many of our clients as I can, simply the get a feel for how things are going. In these conversations, I gather lots of market intelligence.

For example, it seems the conveyancing boom ended in Scotland a while ago, but is just starting to turn in England now. Many clients are struggling to recruit, but one has been very successful in recruiting by thoroughly overhauling their benefits package, and including far more staff in (for example) private health insurance than might otherwise be the case. One client, faced with difficulty in recruitment, decided not to recruit, turned away all but the most profitable work, and is now more profitable than they have ever been.

Insolvency practitioners are as nervous as everybody else about the next few months as they fear that lack of liquidity/confidence will impact the purchase of distressed assets from insolvent companies. If that happens, there will be no cash available in many insolvencies to pay professional fees.

And finally, many (many) people are nervous about increasing interest rates and how that will impact on the market.

However, I was speaking to one client this morning who remembers interest rates of 14% … and the world didn’t end (cold comfort I know)!

So, next time you get an email from me, inviting you to fix a call I would appreciate 30 mins of your time for a chat. I’ll pick your brains about how things are going, share what I’ve learned from similar conversations, and try and make some sense of where it’s all heading!

Speak to you soon.

David Calder, Cashroom Chairman 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

How Cashroom is committed to Staff Training

At Cashroom, we are committed to staff training and development. One way we achieve this is through our very own Cashroom Academy, dedicated to training and nurturing our staff.

From day one

The academy acts as a independent training department for Cashroom and is utilised by all members staff. Allowing staff members to further develop skills and gain requirements for career progression.

In addition to day to day training, our Academy hosts workshops, training courses and facilitates external training. All our employees are enrolled into the Academy from the 1st day of their employment. New employees will spend the first few days going through our induction process in the academy before joining their respective teams. Helping new staff members to feel up to speed and confident for their first day ‘on the job’.

Continuous development

We provide our staff the freedom to choose which courses they would like to study. This is a great way for staff to progress within their roles and enhance their career whilst increasing their confidence and skill set.

Staff will also receive practical on-the-job training with their colleagues learning specific client processes and procedures in addition to learning the many different practice management systems that we use.

Their training is ongoing throughout their employment and contributes towards their regular Personal Development Plans from which they have regular review meetings with their respective line managers. This is a chance for staff and managers to discuss progression, set targets and give feedback, all with the aim of developing and progressing through their roles.

ILFM Program

Last year Cashroom also launched an official program with the ILFM (Institute of Legal Finance and Management) for staff to begin studying the ILFM Diploma. Once completed, staff will gain an industry recognised qualification. The course includes structured training and allows our staff to gain all increased knowledge of Legal Cashiering protocols and requirements.

Staff will study this in work time and ILFM host online classroom sessions to add further support, in addition to dedicated tutor support.

The ILFM Diploma focuses specifically on Legal Cashiering and Accounting and differs from other accounting qualifications. The course particularly covers client ledgers, VAT (Value Added Tax) specific to the legal sector and subjects such as disbursements and recharges. If you are in accounting or considering accounting in the legal profession, then the ILFM is more tailored to this than other qualifications.

Ensure Compliance and Increase Efficiency

Working with Cashroom means clients can be sure their firm’s accounts are in safe hands. To become a legal cashier, there is generally no specific qualification required which can be a risk to firms. Cashroom’s expertise and dedication to regular training means we are always ahead of the game when it comes to new regulations and compliance, providing peace of mind for our clients.

Our commitment to our staff allows us to deliver an exceptional service to our clients from experienced, qualified, and dedicated cashiers and accountants.

Andrew Lowe, Cashroom Manager – Training & Development

Cashroom are currently recruiting, if you or anyone you know may be interested, please contact:

Heather Slater, HR & Facilities Manager

Email: heather.slater@thecashroom.co.uk

Phone: 01695 550950

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

How Cashroom Technology is Revolutionising Legal Accounting

Cashroom recently won the Legal Technology Award at the Scottish Legal Awards.

It has been amazing to see our team get the recognition they deserve for the technology that has been developed and built at Cashroom. We have to thank the combined expert knowledge of our legal cashiers with the incredible skills of our technical team.

“The Legal Awards is always one of the best nights in the legal industry calendar and this year was no exception. The level of talent and quality of the nominees in the room always serves as a reminder to Cashroom of why we provide the services we do to support law firms all over the UK. Our Cashroom portal and its development has been transformative over the last 5 years in the way our service teams delivery a quality, efficient and compliant accounting service and to be recognised as the winner of the technology award gave us the opportunity to step back and appreciate what we have achieved so far.” – Steven O’Day, Head of Operations

Why does your legal accounting team need technology?

Our portal provides an encrypted means of communication between Cashroom and our clients. Developing a highly secure portal with reduced risk, enhanced efficiency and ensuring compliance is a constant priority for our technology development team. Our award confirms our Cashroom portal is excellent.

Our clients can reduce duplication of data entry, reduce risk by minimising the potential for human error and save time.  The portal currently has integrations into four of the leading practice management systems – LEAP, Clio, Denovo and Klyant.  Cashroom are system agnostic and the Cashroom portal has been built with integration at the forefront of its development and we welcome conversations with other system providers to work together to create the best product. Working with these systems means that we are able to help firms optimise clients’ processes for their own system use, help with data flow, task management, accuracy of data and efficiency, all as part of our standard way of working with law firms.

Clients of Cashroom won’t have to worry about cyber security risks. The Cashroom portal ensures that law firms have a payment process that protects not only against external fraud, but also internal collusion and single point fraud, where a hacker only requires to obtain one set of login details. Cashroom also obtain Cyber Essentials Plus annually. Read more in our recent blog ‘Providing data security to law firms’.

We are always looking for ways to push our technology further

We continue to develop new products and services to extend our support to law firms. Cashroom has plans to add more integrations between our Cashroom portal and other practice management systems throughout the next few years.

The opinions of our clients are extremely important to us too. Our technology development team want to hear clients’ needs and wants. We have a ‘suggest feedback’ button within our portal for easy access and we send out monthly client surveys to check in, so clients can give us their own feedback. Our team is always working hand in hand with clients to deliver continuous improvements and developments in our technology so we can continue to lead the way in legal accounting.

“Winning this award is great recognition of not only the hard work of the technology team, but also the wider organisation in embracing change and new technology available. We encourage a culture of continuous development and improvement at Cashroom, and are always looking at how we can do things better. We have barely begun to scratch the surface of the open banking technology we have available and are working hard to improve our practice management system integrations. We love to hear feedback from clients to allow us to adapt and improve our portal to deliver the best legal accounting service possible. Our growing technology team at Cashroom work hand in hand with our accounting experts and law firm clients as we continue to revolutionise legal accounting!” – Paul O’Day, Head of Product Development

The online portal we have built together helps to support our teams and clients as we continue to revolutionise legal accounting.

If you would like to hear more about how Cashroom’s technology can benefit your law firm, please email Daniel.jones@thecashroom.co.uk or call 07949 177 952.

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

What a Week for the Scottish Legal Community!

Cashroom teams have been lucky enough to attend both the Law Society of Scotland Technology Conference and the Scottish Legal Awards – both in the wonderful city of Glasgow. 

First up was The Law Society of Scotland Technology Conference. We were delighted to support the Law Society in sponsoring the event and exhibiting to talk about Cashroom to those who wanted to hear about legal accounting as a service.  

Over the last 12 years, it has been amazing to see the change in how start-up firms are approaching the beginning of their businesses but also how the more ‘traditional’ firms now discuss solutions for their firms – everyone really is innovating! 

It was a great opportunity to catch up with 2 of our integration partners, Clio and Denovo, as well as hear the key themes that came out of the day.  

There was no disputing that legal technology is now part of our everyday lives but there were queries around how we know what technology to use and also if using a form of tech is always worth it. Here are some key points from the day: 

  • Be prepared to put in the time when adding any new technology to your business, it isn’t a quick fix 
  • Don’t assume that adding a tech solution is what your clients want – ask them first 
  • Understand what the actual benefit is from using the technology and get value from it. You likely already have access to a lot of technology you don’t use fully 
  • There are a lot of free resources to help you out there – Youtube is your friend! 

Scotland is overflowing with legal talent and innovation and the law tech conference proved that. Even though there are a lot out there who feel they are not ‘tech savvy’ yet, they are willing to learn, ask questions and find out more on the solutions that are available to help them work smarter and ultimately better.  

The Scottish legal awards is always one of the best nights in the diary – I’m just not sure there is anyone else who knows quite how to celebrate like the Scots! Partying aside, the sheer volume of talent in the room can take your breath away. Listening to the nominations really was a humbling experience. The team spirit visible around each table was fantastic. Whether it was one person or the whole firm up for an award you could really feel how strong some of the teams in the room were in their support of each other and how they got along.  

The icing on the cake was Cashroom won Legal Technology Award. All our tech is created, used, and implemented with the optimal experience for our clients in mind – it has been created specifically and only for lawyers and how they work. We were delighted to be recognised for this. 

“So proud of our team winning the Legal Technology Award, it is a great recognition of the hard work of our full team and the drive to innovate and constantly develop the technology we use and build to support our teams and clients as we continue our drive to Revolutionise Legal Accounting.” – Chris O’Day – CEO, Cashroom 

Congratulations to all of the winners, life in the legal industry can be non-stop and is constantly fast-paced, it’s crucial we all take moments to reflect and celebrate and that’s what these awards are all about for us.  

Cheers to the Scottish Legal Industry! 

Emma O’Day – Head of Marketing and Communications, Cashroom

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

Cashroom has become Xero Gold Partners

Cashroom are pleased to announce we have become gold partners with Xero. This partnership means better integration and service for our clients and increased support and training for our accountants and legal cashiers, ultimately allowing us to continue to provide the best possible legal cashiering service to our clients.

Xero was founded in 2006 and now has over 3 million subscribers utilising their cloud accounting service globally. Xero help businesses, accountants, and bookkeepers to automate, collaborate and grow. Xero’s specialist accounting services provide data insights, sophisticated account management and file storage to make accountants jobs easier and more manageable.

We share many values with Xero as a company such as innovation which made it an easy decision to become a gold partner.

Xero’s experienced board and leadership team work to ensure Xero focuses on innovation and performance for their customers. The same way innovation is at the forefront of Cashroom’s values, providing our clients with innovative, secure, and unique platforms to make their day-to-day roles and communication with teams a smoother process.

Partnering with Xero allows us to ensure more efficient workflows and collaboration with automation software to support compliance as well as opening the door for Cashroom to utilise Xero’s other products such as Xero HQ and Xero Tax for a more centralised workflow for our teams of legal cashiers and accountants.

At Cashroom, we value our employees and support their personal development within the business.

Partnering with Xero means our accountants and cashiers will have further access to tools to develop their careers and skill set through Xero’s training programs. Developing and nurturing our staff means that we can provide the best possible service to our clients and keep up to date with new innovations and workflows to make our services as efficient as possible.

‘We are delighted to announce we have become Gold Partners with Xero. We have developed a great working relationship with Xero since we began using their software. Their sophisticated software allows our accountants and cashiers to provide services for our clients more efficiently. We are excited to be part of the Xero community and look forward to working with the team.’

Chris O’Day, CEO, Cashroom

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter

Providing data security to law firms

Cashroom has renewed our Cyber Essential Plus status. This achievement is another reason why Cashroom is the leading supplier of outsourced legal finance and highlights the sophistication and robustness of our revolutionary web-based client portal. Cashroom communication is protected from the insecurities of email and our clients are safer than those who don’t use Cashroom from the rising threat of fraudulent payments.  

Cashroom’s Head of Technology, Steven O’Day

“Security is at the forefront of our minds at Cashroom. These accreditations prove that we are leading the way in providing data security to clients. The team will also continue to have regular training and updates to react to the ongoing risk of cybercrime.” 

Cyber Essentials acknowledges the highest levels of competency and performance. Therefore, Cyber Essential Plus has been awarded as a result of an external audit of Cashroom systems. This proves it was doing everything, and more, to meet the government’s standard for cyber security and protect law firms and their finances. 

Creating an even more secure service with further reduced risk payment methods for firms is a massive priority for our full-time technology development team. We have a ‘suggest feedback’ button within our portal for easy access, we send out monthly client surveys to check in and get feedback and we also have client relationship calls where we ask for any feedback – listening to what our clients need and want is of the utmost important in all our technology development.   

Cashroom works alongside legal firms managing their finance including cyber security measures. Our experts in legal finance work seamlessly in the background as part of the team taking a pro-active approach to keep everything up to date rather than being called in to react when things go wrong. 

The Cashroom approach means our law firm clients can focus on their business. In addition, they can save money and they can pass this peace of mind on to their own customers with the help of our outsourced legal cashiering, management accounting and other accounting services. 

“We’ve been with Cashroom for a while now, and I couldn’t be more pleased with my decision. The transition process was smooth, my cashiers are first rate, and the peace of mind it gives me, knowing everything is in order, is invaluable. My day-to-day interaction with Cashroom is managed via their proprietary web portal. It’s easy to use and ensures secure communication, and prompt responses. I’ve recommended Cashroom to several colleagues in the profession.”  

Mark Gawor, Founder/Senior Partner, Gawor & Co

With integrations into some of the leading Practice Management systems and the banking network, Cashroom makes law firms tools work better by integrating with industry leading software and custom applications right into our Cashroom Portal. Our portal is secure and provides an encrypted means of communication between Cashroom and our clients. Our software can reduce duplication of data entry, reduce risk by minimising the potential for human error and save time. 

Firms understand the importance of cyber security and they want the best processes and legal accounting service possible looking after their law firm’s finances – that’s Cashroom! 

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
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The Busy ‘Conference Period’

I’m sure all of you Business Development Guru’s out there, like me, are prepping for a very busy upcoming conference period. How do we cope? Being on the road can be difficult but the hotel ‘break’ for an evening (or two), talking to leaders of the industry and the amazing venues we visit most definitely helps.

Conferences are a very new thing for me. Whilst I’m very much used to being on the road visiting clients for most part of the working weeks, they are very different. There seems to be a buzz around being in a room with hundreds of people from the industry, opening their eyes to how our service helps them ‘stay compliant, minimise risk and increase efficiency’ – I’m sure some of you will hear me say that line over the next few months! ITS TRUE!

But as a newbie to them, I’m certainly seeing the same trend.

Everyone loves a freebie! Especially Lionel, our special little piggy bank who’s been fortunate to travel not only around the UK, but now to the US! And then our wonderful little pens…. I’m not trying to sell you our merchandise, honest!

All jokes aside. I’ve only been to a couple conferences since my return to the Cashroom and I’ve learned so much from each:

  • How much effort the organisers need to go through to make sure they run ‘smoothly’ and give each attendee the intended benefits.
  • How fantastic some of the speakers are, the experiences that they’ve been through (even those not strictly legal related), but how it makes them forward-thinking and game changers.
  • And, just how amazing some of the suppliers and exhibitors are. The tech that is in place, and how much each and every one of them help support the industry.
As the title of the blog says – The busy ‘Conference Period’. That’s exactly what it is.

Whilst I won’t be attending all of them, we’ll have at least one Cashroom ‘Business Development Guru’ at The Solicitors Group (Cardiff), LegalEx, Legal Futures, Legal Geek, National Legal Alliance, Lawshare, LEAP Modern Law Conveyancing Awards and The Scottish Legal Awards. (To name a few!)

We’re very much looking forward to seeing some of you there. We’ll have the freebies ready and we’d love to talk to you about how we can help your firm.

Daniel Jones

About Cashroom

Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.

Book a demo

We’ve been with Cashroom for quite a few years now, and I would never go back. In any business, and particularly in times of uncertainty, it’s important to control your costs, and that’s exactly what you help me do.

Sharon Needle
Sharon Needle
Managing Partner, Needle Partners
Sign Up to our Monthly Newsletter
Scottish Office
  • Craglea House Quarrywood Court, Livingston Village, Livingston.
    West Lothian.
    EH54 6AX
  • 01506 401289
  • info@thecashroom.co.uk
English Office
  • Suite B, West Lancashire Investment Centre, Maple View, Skelmersdale,
    Lancashire.
    WN8 9TG
  • 01695 550950
  • info@thecashroom.co.uk
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