Accountants for Solicitors and Law Firms

Nichols & Co are the go-to specialist accountants for solicitors and law firms across London, the South East, and the wider UK.
We help ambitious firms run tighter finances, stay fully SRA-compliant, and free up your time to focus on your clients.

If you’re looking for an accounting team that understands how law firms really work, client money rules, partners’ drawings, VAT on disbursements, legal software integration, then you’ve come to the right place.

Trusted Legal Accountants For your Law Firm

Solicitors deal with some of the strictest financial controls of any profession.
We make those controls work for you. Our legal-sector accountants hep you manage client money, keep ledgers clean, and make sure every deadline for the Solicitors Regulation Authority (SRA), Companies House, and HMRC is met without concern.

Our experience covers sole practitioners, partnerships, LLPs, and incorporated practices, giving each structure the right mix of compliance and commercial thinking.

Need to see what SRA compliance really looks like in practice?
Read our short insights on SRA audit accounting and SRA audit requirements and tips.

Legal Accounting and SRA Audit Services

Our team of accountants for solicitors and law firms manage every aspect of reporting and compliance so you can focus on running your practice. We deliver the full accounting service built for the legal sector:

• Annual accounts and independent audits – transparent reports that meet both statutory and SRA standards.
• Solicitors Accounts Rules (SAR) reports and SRA audits – precise preparation, reconciliation, and submission.
• Management accounts and forecasting – regular insight so partners can make fast, confident decisions.
• Company structure and formation advice – from LLP conversion to full incorporation.
• Compliance and regulatory reporting – one team covering SRA, HMRC, and Companies House.

For more insight, see staying compliant with the new SRA Accounts Rules and SRA audits.

Specialist Tax Planning for Solicitors

As experienced accountants for solicitors and law firms, we help structure profit extraction and tax efficiently.

We build strategies that suit your structure, profit flow, and long-term goals, helping you keep more of what you earn while staying fully compliant.

Our work includes:

• Personal and corporate tax planning for partners and owners
• Partner and director profit-extraction planning
• VAT on disbursements and mixed supplies
• Capital-allowance optimisation for equipment and software

Business Advisory and Growth for Law Firms

Nichols & Co go beyond compliance. We act as your financial and business advisers, helping you grow and protect firm value.

We’ll work with you on:

• Cashflow forecasting and budgeting to keep operations stable
• Profitability benchmarking against comparable law firms
• Partner succession and retirement planning
• Strategic forecasting and investment analysis

Our insight turns numbers into strategy, so partners can make confident, data-driven decisions.

Legal Accounting Software Integration

Our accountants are trained in all major legal software platforms used by law firms. We integrate your financial and compliance reporting across:

• LEAP Legal Software – cloud-based practice management and document automation.
• Quill Legal Software – now Unity® Practice Management, combining accounting, case, and compliance tools.
• Insight Legal Practice Software – specialist legal accounting software built for SRA and Law Society compliance.

These systems give law firms the control, visibility, and efficiency they need and here at Nichols & Co, we ensure the numbers within them remain accurate, compliant, and audit-ready.

Why SRA Compliance Matters

Compliance protects both clients and your reputation. We work with you to catch any potential issues early and keep your practice out of regulatory trouble – so partners sleep well knowing their accounts are watertight.

Discover on what to look for when your searching for the best accountants for solicitors.

Why Law Firms Choose Nichols & Co

• 20 + years working exclusively with the legal sector
• ICAEW Chartered Accountants and Registered Auditors
• Fast, practical advice with no jargon
• Deep understanding of SRA rules and leading legal software
• Local presence across London, Kent, Surrey, and the South East