Practice Manager

IPS Group; Cornholme; On-site; GBP 65,000 - 85,000; Full time

Job summary

IPS Group is partnering with an established law firm to recruit an experienced Practice Manager. You will report to the Partners, overseeing the finance function, regulatory compliance and operational performance to drive strategic decisions.

The role involves producing monthly management accounts, budgeting, cash flow management and KPI reporting, while ensuring SRA Accounts Rules compliance and robust financial controls across the practice.

Qualifications

• Experience in a legal or professional services environment.
• Strong ability to interpret financial data and influence business decisions.
• Proactive approach to improving systems, processes and financial controls.
• Excellent communication skills with Partners and senior stakeholders.

Responsibilities

• Produce monthly management accounts, financial reports and KPI dashboards.
• Manage budgeting, forecasting, cash flow and working capital.
• Monitor profitability by department and matter to support business decisions.
• Oversee billing, credit control, purchase ledger and payroll.
• Manage annual budgeting process and liaise with external accountants/auditors.
• Ensure compliance with SRA Accounts Rules, VAT and regulatory requirements.
• Develop and improve financial controls and practice management systems.
• Support Partners with strategic planning and growth initiatives.
• Lead and develop the finance and administration teams.

Skills

Management accounting

Budgeting & cash flow

Financial reporting

Regulatory compliance

Leadership & people mgmt

Stakeholder engagement

System/process improvement

Job description

An established and successful law firm is seeking an experienced Practice Manager to work closely with the Partners, taking responsibility for the firm's finance function, operational performance and regulatory compliance.This is an excellent opportunity for a commercially minded finance professional who enjoys working beyond the numbers. You'll play a key role in managing the financial performance of the firm while driving operational improvements and supporting the Partners with strategic decision-making.Reporting directly to the Partners, your responsibilities will include:

• Producing monthly management accounts, financial reports and KPI dashboards.


• Managing budgeting, forecasting, cash flow and working capital.


• Monitoring profitability by department, fee earner and matter, providing commercial insight to support business decisions.


• Overseeing the firm's finance function, including billing, credit control, purchase ledger and payroll.


• Managing the firm's annual budgeting process and liaising with external accountants and auditors.


• Ensuring compliance with SRA Accounts Rules, VAT and other regulatory requirements.


• Developing and improving financial controls, reporting processes and practice management systems.


• Supporting the Partners with strategic planning, business growth initiatives and financial analysis.


• Managing supplier relationships, facilities and the day-to-day operations of the practice.


• Leading and developing the finance and administration teams.

You’ll ideally be an experienced Practice Manager, Finance Manager or Financial Controller with:

• Experience within a legal or professional services environment.


• Strong management accounting, budgeting and cash flow experience.


• Excellent commercial acumen with the ability to interpret financial information and influence business decisions.


• Knowledge of SRA Accounts Rules or experience working within a regulated environment.


• Strong leadership and people management skills.


• A proactive approach to improving systems, processes and financial controls.


• Excellent communication skills with the confidence to work alongside Partners and senior stakeholders.

If you're looking for a role where you can combine strong financial management with operational leadership and become a trusted adviser to the Partners, we'd love to hear from you.