Solicitors and Barristers

Strategic financial and regulatory advice for legal professionals

Legal professionals operate under intense pressure, complex regulation, and ever-evolving compliance obligations. At SRC Advisory, we work closely with law firms and individual practitioners—offering specialist advice that aligns with the operational, tax and structural needs of solicitors and barristers.

Whether you're navigating the Solicitors Accounts Rules, structuring a chambers, or managing your own tax affairs, we bring the sector-specific insight and practical expertise to help you stay compliant, agile and financially secure.

Support for Solicitors

Focused insight into the SRA and your firm’s financial health

We understand the commercial and regulatory challenges faced by solicitors, especially with recent changes to the Solicitors Regulation Authority (SRA) rules. As experienced Reporting Accountants, we ensure your firm remains compliant while also helping to optimise internal systems, reduce the risk of error and support growth.

Our services include:

  • SRA client money audits and full compliance support
  • Preparation of statutory financial statements and tax returns
  • Tax planning tailored to your structure and growth strategy
  • Profit improvement strategies and performance monitoring
  • Strategic planning advice, including merger and acquisition support

Additional support for legal firms includes:

  • Specialist guidance on trust account compliance and related tax filings
  • Client-focused tax planning support to complement your legal services

We also advise on legal firm structures—whether you’re operating as a partnership, LLP, or limited company. We can help you assess the best model for long-term flexibility, succession planning, and investment potential, as well as guide you through the transition and remuneration design.

Support for Barristers

Straightforward accounting for busy chambers and individuals

We appreciate the demands placed on barristers—managing your casework, court appearances and client obligations leaves little time to deal with your financial affairs. Whether you’re self-employed or part of a set, we provide clear, efficient support to make sure you’re tax-compliant and financially organised.

For barristers, we offer:

  • Self-assessment tax return preparation
  • VAT registration and quarterly return management
  • Guidance on allowable expenses and record keeping
  • Annual accounts for chambers
  • Advice on pension contributions and long-term planning
  • Cashflow planning and support with HMRC queries

We help barristers reduce admin pressure and take a more proactive approach to their financial strategy—ensuring your affairs are in order, so you can focus on your legal practice.

Finance Director Services

Experienced financial leadership at a manageable cost

Many businesses need the strategic insight of a Finance Director but don’t have the scale to justify a full-time hire. At SRC Advisory, we provide flexible FD support to help you stay in control and plan with purpose.

You’ll benefit from high-level financial expertise, helping you to:

  • Gain clear oversight of your business finances
  • Understand key metrics and performance drivers
  • Strengthen your decision-making with better data
  • Communicate effectively with lenders, investors or your board
  • Prepare for growth, funding or exit opportunities

We become part of your senior leadership team, bringing structure, insight and accountability—at a level and cost that fits your business.

We specialise in

Sports Professionals
Business Support
Wealth Strategy
Charities and Not-for-Profit Organisations
Solicitors and Barristers
Property
Medical professionals