PracticeEvolve provides law firms with a comprehensive and compliant client funds management solution, empowering them to seamlessly adhere to regulatory and compliance requirements. PracticeEvolve’s financial management tools allow clients to easily record transactions, reconcile accounts, keep accurate records, issue statements and utilise full trust and controlled money reporting in one integrated system.

With PracticeEvolve’s solution, law firms can confidently handle client funds, demonstrating their commitment to financial integrity and building trust with clients.

PracticeEvolve provides users with a host of benefits to ensure compliance with SRA Accounts Rules. Our fully integrated cloud-based accounting system comes equipped with in-built controls designed to prevent overdrawn client balances and office credit balances. Additionally, our comprehensive suite of reports, including a dedicated Residual Client Balance report, further strengthens your compliance efforts.

Experience effortless trust transfers at both firm and matter levels with PracticeEvolve’s client funds management solution. Our intuitive tools and Dashboards take care of the thinking for you, simplifying the process. With our solution, you can easily set up and maintain approval flows within the system, ensuring smooth and efficient management of client funds.

PracticeEvolve has an inbuilt Earmarked funds feature that allows firms to ringfence client monies for specific use, thus promoting compliance with SRA Accounts Rule 5.1. When ready for withdrawal, the Earmarked funds can be released, seamlessly creating the required payment.