SPONSORED: Our Scottish roots

Cashroom’s Journey Revolutionising Legal Accounting for Law Firms

Rooted in Scotland

For over 15 years, Cashroom has been dedicated to its partnership with the Scottish Legal Community. Founded in Scotland by Catherine O'Day, the idea came from law firms needing support with managing their legal accounting whilst complying with strict legal accounting regulations. Catherine partnered with Les Cummings, former Chief Accountant at the Law Society of Scotland and together they created Cashroom, it has had the Law Society of Scotland at its core since the beginning 15 years on, Cashroom have taken knowledge of legal accounting in law firms, from compliance intricacies to resource optimisation, and are now globally leading the way with outsourced services that have revolutionised legal accounting for law firms.  

Specialised Expertise

Cashroom teams are comprised of SOLAS qualified Cashiers, Management Accountants and a leadership team where multiple in the team have held partnership positions within law firms. Many of their cashiers have worked in-house for law firms who bring their learnings together to create industry best practice. They truly understand the requirements and challenges law firms face with their cashiering and accounting. With this specialised expertise, they can offer tailored solutions to meet the unique needs of each law firm. Their commitment to personalised support means you are guided every step of the way, with peace of mind knowing your finances are entrusted to capable hands. After a thorough and smooth onboarding process, Cashroom ensure each client has a team of cashiers and accountants with specific skills and experience to match their system use and needs. Your cashiering and accounting team at Cashroom become an extended part of your inhouse team, as if they were part of your business.

With Cashroom, law firm’s benefit from a comprehensive suite of services covering all aspects of legal cashiering, from daily operations to management accounting, compliance, payroll, and credit control. What sets Cashroom apart is their flexibility and delivery —they have the ability to adapt to your preferred case management system, backed by a team of 140 specialist cashiers, each with experience in specific systems. Allocating a dedicated team well-versed in your chosen system allows them to ensure a seamless integration as well as allowing you to use the best system for your law firm.

Transformative Technology

The team at Cashroom are support by industry award winning technology. Cashroom utilises transformative and innovative technology which represents a real shift in the world of legal accounting for law firms. Their online portal seamlessly integrates with the banking network as well as multiple practice management systems. Cashroom has emerged as a market leader by revolutionising the way legal practices manage their finances. Their automated workflows and streamlined processes empower law firms and allow them to reduce risk as well as ensuring compliance with the Scottish Accounts Rules. From day-to-day cashiering to sophisticated credit control workflows, Cashrooms technology allows law firms to operate more efficiently, freeing up valuable time and resource. Their latest developments include the integration of open banking and confirmation of payee into their client portal, becoming the first in the industry to offer this level of technology to clients. No other inhouse team or outsourced provider provides this level of risk control or efficiency of process. With their relentless drive for innovation, Cashroom continues to shape the future of legal accounting, setting new standards of excellence and efficiency for the industry.

Commitment to Excellence

Cashroom are committed to empowering every law firm, regardless of size, work type or systems they use. Whether you are a boutique establishment or a top-tier practice, Cashroom enhances your operation. For smaller firms, the benefit may be that valuable time and resources are freed up. For larger firms, Cashroom may serve as a catalyst for growth, providing supplementary resources to drive profitability. With a deep understanding of (Scottish) legal accounting and a steadfast commitment to excellence, Cashroom emerges as the ideal outsourced partner for your firm.

Experience the Cashroom Advantage. Read what some of our clients have to say here.

Partner with Cashroom to provide your firm with enhanced efficiency, reduced risk and ensure compliance. Leave your fee earners to do what they do best – practice law.

Speak to a member of the team today:

E: info@thecashroom.co.uk

P:  01695 550950

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