Legal Cashier

3 weeks ago


City of London Greater London, United Kingdom Career Legal Full time

We are looking for a bright and motivated Legal Cashier to join our clients Cashiering team. The primary purpose of this role is to ensure the firm complies with the SRA Accounts Rules 2.5 which requires client money to be returned promptly to the client, or the third party for whom the money is held as soon as there is no longer any proper reason to hold those funds or otherwise inform clients in writing of client money retained.

Our client is a leading law firm with origins dating back to the late 1700s. Having established themselves as market leaders in banking and corporate, they have grown internationally with over 700 members of staff located across offices in the UK, Middle & Far East.

Our client believes in investing in its staff, providing an on-site staff restaurant and offering a desirable benefits package which includes Holidays (buy/sell), pension, gym membership, pension etc. They also have an on-site staff restaurant.

Responsibilities

  • Running the firms Client funds reporting system and ensuring fee earners are provided with the information necessary for them to confirm compliance with rule 2.5.
  • Monthly progress reports to Client Accounting Manager on balances held to allow further reporting to Finance and Firm Management.
  • Assisting fee earners to return client money on completion of their matters. This may require:
  • Analysis of client account transactions and balances from Finance systems and matter files
  • Issuing credit notes, re-billing and making WIP, disbursement and other ledger adjustments
  • Identifying/confirming the client's bank details and addresses before remitting funds
  • Writing to clients seeking their agreement to pay balances

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