A number of business provide Outsourced Legal Cashiering Services.
Although there is no legal requirement for a Legal Cashier to have received formal training in England and Wales, the Solicitors Accounts Rules 1998 state that "the person who maintains the books of account must have a full knowledge of the rules and the accounting requirements of solicitors' firms".
The Institute of Legal Finance & Management (ILFM) [3] (formed in 1978 as The Institute of Legal Cashiers) provide a formal qualification, The ILFM Diploma, to "provide a sound comprehensive and practical knowledge of the maintenance of solicitor's internal financial records, to meet compliance requirements".
Candidates who pass receive a Certificate but must complete two years experience in the accounts department of a law firm before they can get associate membership or use the designatory letters.
In 2007, the University of Chester accredited an employer based training program, "Professional Certificate in Legal Account Management" which provides a foundation degree course combining academic study with workplace learning.