Trust Account Compliance for Law Firms
Your legal expertise protects your clients. Who protects the firm?
Independent, LPC-aligned trust account oversight. We separate your operational finance from your regulatory liability.
The “Admin Trap”
Partners carry personal liability for the Trust Account, yet most firms delegate the management of that risk to junior administrative staff.
This creates a Liability Gap.
Your bookkeeper focuses on processing payments. Your auditor focuses on finding errors after they happen. Who is focusing on daily compliance discipline?
Do you recognise these 3 signs of exposure?
If these operational habits exist in your firm, you are carrying a Liability Gap.
- The Section 86(4) Spreadsheet Trap: Is your interest allocation fully automated by your banking system? Or does a staff member manually calculate capitalization on a spreadsheet? Manual calculation is the #1 cause of audit queries.
- The “Clean-Up” Culture: Do you treat trust reconciliation as an “audit season” task? If your trust position is not audit-ready on the 30th of every month, you are operating blindly for 11 months of the year.
- Commingling Creep: Do you have a hard firewall to ensure business expenses (bank charges, small debits) never drift into the trust account? Or do you rely on staff to “fix it later”?
Administrators Process Data. We Verify Compliance.
Your internal team is essential for operation. We are essential for protection. Bletchleys acts as the independent firewall between your admin staff and the partners’ liability.
How Bletchleys Stabilises Your Firm:
FAQ
Q: We have a senior bookkeeper. Why do we need this?
A: Your bookkeeper does the work. We audit the process monthly. Independent oversight protects the partners in a way internal staff cannot.
Q: Does this replace our external auditor?
A: No. We prepare you for the auditor. By the time they arrive, your files are clean, reducing audit fees and stress.
Trusted Partners in Cloud Accounting
Proudly working with Sage, Xero, and QuickBooks to keep your business compliant, efficient, and in control.
