Gemstone Legal

The right banking and finance package, combined with a suitable risk-based approach, is essential for the success of any legal practice. However, finding the time to explore and evaluate your options can be a challenge. This is where we come in. As Law Society-approved Lexcel auditors/consultants and a NACFB-registered finance brokerage, we are well-positioned to provide independent advice to optimise your business cash flow and manage operational risks effectively. Our services include: 💎 Developing operational risk controls 💎Increasing income from client monies 💎Sourcing funding solutions to support your practice 💎Conducting independent AML audits 💎Providing retained compliance support (including COLP assistance) Lets set up a call ready to kickstart 2025

Sometimes knowing where to turn to for business funding can seem a little bit daunting. Here's what one of our clients said "Gemstone Legal provided exceptional service and delivered exactly what we needed to improve our financial outcomes. Their expertise made a real difference. Highly knowledgeable and professional throughout, they made the process smooth and straightforward. What impressed us most was the highly personal, timely, proactive service we received, tailored to our needs, not an “off-the-shelf” product. We would confidently recommend them to other firms seeking reliable finance support. Partner, SMQ Legal Service How can we help you? #vat #tax #lawfirms

In Worthing this morning. Cold but beautiful. Happy Friday everyone!

Handling client money is a core responsibility for law firms, with an associated obligation to pay a fair sum of interest to clients. The Solicitors Regulation Authority (SRA) requires firms to account to clients for interest earned on funds held on their behalf, in line with the principle of fairness outlined in the SRA Accounts Rules (7.1). In this article, we explore the current landscape, historical guidance, and the SRA's ongoing concerns about firms’ reliance on client account interest. We also examine how firms can enhance their financial stability amidst potential regulatory changes. https://lnkd.in/ecQsMyX3

Gemstone Legal is now NACFB Assured, reflecting our compliance with the latest regulatory standards. If you’re looking for a reliable way to secure business funding, we’re here to help—reach out to us today. #lawfirms

Thank you to Elaine Pasini for hosting Paul McCluskey on the Coffee Catch Up Podcast. Talking about all things law firm finance, client money interest and TPMA Here's the Spotify Podcast Link https://lnkd.in/e8gTBUNt Here's the YouTube Link https://lnkd.in/enq9yHRF

Finalists for the LawNet Awards 2024 Rising Star - under 35 years category, generously sponsored by Gemstone Legal are India Jefferson-Grant (Biscoes Solicitors) Ryan Elliott (Cleaver Fulton Rankin Solicitors) Hadiha Waheed (howell jones solicitors) Kelly Burns (Tozers LLP) #LNconf24

Are you sure your arrangements for cyber security are as good as they can be? As the report explains, cyber criminals are not fussy about who they attack, which means law practices of all sizes are at risk, from sole practitioners, high street and mid-size firms to barristers’ chambers, in-house legal departments and international corporate firms.

Less Trick, More Treat: "Escape the Frighteningly Low Rates Banks Pay on Your Deposit Funds" As Halloween approaches, thoughts turn to spooky tales and ghoulish surprises. One horror story that’s all too real is the chillingly low interest rates that banks pay on deposit funds. With inflation hanging around like an eerie mist and interest rates on your deposits sinking to the depths, the real scare this Halloween isn’t in haunted houses; it’s in your bank statements.

Why Trust Matters When Choosing a Finance Broker When it comes to your law firm’s finances, trust is everything. Working with a broker you can rely on makes all the difference in ensuring you receive the right advice and tailored solutions. Here are just a few benefits of partnering with a broker you can trust: ✅ Personalised Solutions: A trusted broker takes the time to understand your unique needs and goals, offering solutions that fit your firm—not just generic products. ✅ Long-term Support: It’s not just about securing a deal. A good broker builds long-term relationships, supporting your growth and navigating challenges as they arise. ✅ Transparency: Trustworthy brokers are upfront about all costs, risks, and options, giving you clear information to make informed decisions. ✅ Efficiency and Peace of Mind: A trusted partner saves you time and energy by handling the complexities of finance while you focus on your firm. If you're looking for finance solutions or just exploring ways to optimise your firm’s income, let’s have a chat. I'm here to provide expert advice with integrity and transparency. Feel free to message me or book a call directly through the link below. I’d love to discuss how we can help! https://lnkd.in/eX-ZJYcu