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The Value of Working with a Specialist Legal Sector Finance Broker
In an increasingly competitive legal market, law firms face mounting financial pressures from managing working capital and funding...

Paul McCluskey
3 min read


3 Steps to Protect Client Account Income as Rates Fall
In the current economic climate, many law firms are facing a growing challenge: banks are reducing interest rates  on client accounts,...

Paul McCluskey
2 min read


Strengthen Your Law Firm’s Financial Stability. Four Expert Tools, One Hour Well Spent…Now may be the time to act!
Strengthen Your Law Firm’s Financial Stability. Four Expert Tools, One Hour Well Spent…Now may be the time to act!

Paul McCluskey
3 min read


Three Practical Steps Law Firms Should Take to Comply with the New CHAPS Purpose Codes
What Law Firms Need to Know From 1st May 2025 , UK banks will require the inclusion of purpose codes for all payments made through the...

Paul McCluskey
4 min read


Stop the Last-Minute Rush—Take Control of Your PI Insurance Financing Now!
The legal sector faces constant uncertainties, but one challenge remains unavoidable—covering the cost of Professional Indemnity (PI)...

Paul McCluskey
2 min read


The Risk of Relying on a Single Bank: Why Law Firms Need a Contingency Plan
On Friday, 31st January, a major UK bank experienced a system outage , leaving both individuals and businesses unable to process...

Paul McCluskey
3 min read


Don't Leave Your Client Account Rates to Chance
As the economic landscape shifts, law firms face mounting pressure to keep a close eye on the interest rates applied to client accounts....

Paul McCluskey
3 min read


The Role of a Credit Line in Law Firm Finance
Managing business finances extends well beyond the January tax bill; it encompasses a series of obligations that affect cash flow...

Paul McCluskey
2 min read


Why Law Firms Should Act Now: Understanding TPMAs and Their Impact on Your Practice
The Solicitors Regulation Authority (SRA) consultation on consumer protection  is intensifying scrutiny on how client funds are managed....

Paul McCluskey
2 min read


Reassessing Client Account Interest: Navigating Regulatory Changes for Financial Stability
Handling client money is a core responsibility for law firms, with an associated obligation to pay a fair sum of interest to clients. The...

Paul McCluskey
5 min read


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. But one horror story that’s all too real is the chillingly...

Paul McCluskey
3 min read


Why Law Firms Should Take Action in Response to Banks Lowering Interest Rates on Client Money
In the current economic climate, many law firms are facing a growing challenge: banks are reducing interest rates  on client accounts,...

Paul McCluskey
2 min read


Is Borrowing Cheaper Than Paying Cash?
Borrowing versus paying by cash. Weight up your finance options

Paul McCluskey
4 min read


Maximising Your Finances: The Power of Compound Interest, APR, and Flat Rate Loans Explained
When it comes to borrowing and saving decisions, it's crucial to make sure that you understand the various financial tools at your...
Gemstone Legal
4 min read


Key Benefits & Uses of Commercial Finance for Law Firms
The legal market today is arguably more competitive, and more volatile, than ever before. Of course, the actual legal services that a law...
Gemstone Legal
4 min read


4 tools from Gemstone Legal to optimise your law firm’s financial position
In today's rapidly changing legal landscape, it is more important than ever for law firms to actively monitor their financial stability...
Gemstone Legal
4 min read


Our view on the latest SRA update, "Interest rates and the client account", What's yours?
The Solicitors Regulation Authority (SRA)'s recent article, Interest rates and the client account, discusses interest rates and the...
Gemstone Legal
5 min read


Maximising returns on client money before the interest rate falls. Is your law firm leaving money on the table?
Even at the best of times, it is hard to accurately predict economic conditions in the future. There is always the possibility of...
Gemstone Legal
4 min read


Ensuring Financial Stability and Viability: A Critical Imperative for Law Firms
In the ever-changing landscape of the legal profession, one thing remains constant: Too many law firms undervalue the role a proactive...
Gemstone Legal
5 min read


Guiding Law Firms Through Funding for Professional Indemnity Insurance Renewals
Professional Indemnity Insurance (PII) provides financial protection against claims made by clients or third parties for losses incurred...
Gemstone Legal
4 min read