Vexo Accounting works with sole practitioners, law firm partnerships, LLPs and incorporated practices right across the legal profession. Whether your firm operates as a traditional partnership, a limited company with a shareholders' agreement between the owners, or an LLP where members share profit and risk on a set date each year, our accountancy services adapt to match the structure.

We also support in-house legal teams and legal professionals working outside private practice, as well as smaller legal firms that compete with larger accountancy firms for clients and talent. Our clients range from single solicitor practices to established law firm partnerships with dozens of fee earners, and every client gets a dedicated point of contact rather than a call centre.

Lawyers rarely have time to become tax or audit experts, and they should not need to. That is what our legal team is for. We assist with complex numbers so your team can focus on clients and casework, not spreadsheets, and we do it with the confidence that comes from years of experience dealing with legal accountancy.

Law firms are usually structured as partnerships, LLPs or incorporated practices, and each of those comes with its own tax treatment. We handle partnership and LLP taxation, corporation tax for incorporated practices, VAT on legal services, personal and partnership tax returns, and capital allowances, all with an eye on how solicitors actually get paid.

We Help Partners Understand Their Drawings, Tax Reserves and Personal Tax Bills

Profit and cash are not the same thing for a partner. A firm can have a good year on paper while individual partners are unclear on how much they can safely draw without landing a large personal tax bill later.

We help partners plan drawings against tax reserves, manage current and capital accounts, and understand how profit allocations translate into their own personal liability. Nobody should be surprised by their January tax bill because nobody explained the reserve first, and nobody should need to chase strategic advice after the fact rather than before it.

Annual accounts tell you whether the firm made money last year. They rarely tell you which partner, department, or type of matter is actually driving that profit.

We build monthly reporting around the numbers that matter to a law firm specifically, including profit per partner, revenue per fee earner, recovery rates, debtor days, and lock-up. Fixed fee and conditional fee work gets checked against actual cost per matter, not just against the invoice, so partners understand whether those cases are genuinely profitable rather than just busy. Our practice is built on giving law firms this kind of detail, not just a set of year-end accounts.

Most of our clients tell us the same thing: they want an accountant who calls back quickly and explains things in plain English. Our services cover everything from bookkeeping to complex tax and audit work, but the relationship itself stays simple. You get one team, one point of contact, and one place to send every question about your business.

We advise law firms on the numbers behind the numbers, not just the filing deadline. When clients ask us to review a merger, a new office, or a change to how the business operates, we advise on the tax and cash flow impact before contracts are signed, not after. Members of the partnership get direct access to that advice, and so does anyone else in the practice who needs it.

Company structure changes, partnership changes and staff growth all bring their own accountancy questions, and law firms rarely face the same issue twice in the same way. Our team has the expertise to handle that kind of complex work because we deal with it across dozens of legal sector clients, not once every few years. That breadth of experience across law firms of every size is what lets us give clear, confident answers rather than guesses.

Many of the solicitors we advise tell us the same thing when they switch to us: their previous accountants for solicitors treated the legal sector as just another industry on their books. We only advise law firms, solicitors and other legal firms, so every recommendation is built around how legal services actually work, not adapted from a generic template used for other clients.

Most small and medium-sized limited companies pay somewhere between £100 and £500 a month for a fixed fee package covering bookkeeping, VAT, payroll and annual accounts. Specialist accountancy firms with extra regulatory expertise, such as those serving legal practices, typically sit toward the upper end of general pricing or above it, because of the extra work involved in client account compliance and accountants' reports.

As a rough guide, sole practitioners and smaller law firms tend to pay from around £250 to £450 a month for a full accountancy service with ongoing business advisory support, while multi-partner firms needing payroll, VAT, management accounts and an annual SRA accountant's report often pay from £450 upward, with the report itself frequently billed as a separate item.

This is a rough guide only. The actual cost depends on the size of your firm, the number of partners and fee earners, whether you run payroll, and how much of the work is compliance versus ongoing advice, so treat this as a starting point rather than a quote.

Whether you trade as a sole practitioner, a partnership or a limited company, and whether your firm has five clients or five thousand, if you want accountants for solicitors who already understand client accounts, the solicitors' accounts rules, partner tax and law firm cash flow, get in touch with Vexo Accounting. Tell us a little about your firm, your clients and your team, and we will put together a free, no obligation quote built around how your practice actually operates.