SRA Account Rules 2023 - Trends and Changes for the Legal Sector (Larking Gowen)
Business Opportunities
April 18, 2024 - Larking Gowen, Buzzacott, WestcottsLegal experts at member firms Larking Gowen, Buzzacott and Westcotts gathered recently to reflect on the conclusion of the 2023 SRA Account Rules period and analyse the latest trends they have seen emerge.
Interested in sharing your own thought leadership with PrimeGlobal members? Submit an article.

Legal professionals and independent members of PrimeGlobal recently convened to review the culmination of the 2023 SRA Account Rules period and delve into emerging trends.
Their discussions spanned various topics, including the adoption of automation, the decrease in pink slips and clerical errors, fluctuations in interest rates, partial VAT exemption, reconciliation hurdles, and the potential for enhanced training. Reflecting on adjustments made since the 2019 revisions, they considered the impact of the pandemic on work dynamics.
Join Claire Watkins from Buzzacott, Veronique Walkey, Matt Melksham from Westcotts (host), and Ellis Lake from Larking Gowen as they explore avenues for enhancing the efficiency of legal firms. Throughout the conversation, they share anecdotes and reflect on the challenges encountered in the past year.
Content by:
Larking Gowen Chartered Accountants and Business Advisors has been advising clients for over 100 years. Larking Gowen is one of the UK's top 40 accountancy firms, specialising in corporate finance, personal tax, legal, medical, business strategy and support, and business recovery. Larking Gowen operates from seven offices across Norfolk, Suffolk and Essex, with a team of more than 380 people. The firm's values are about service and commitment, both to clients and employees. Larking Gowen focusses on building strong, dedicated teams that share knowledge and expertise for the benefit of all clients.
Learn more
Buzzacott is an accountancy and advisory firm with over 100 years of experience. We support individuals, businesses, and not-for-profits with everything from annual accounts and tax planning, to long-term financial strategies and everyday advice. With a team of more than 600 people, including over 50 partners, we have the depth and expertise to support clients across a wide range of needs. We understand that every client is unique, so we take time to understand your needs and bring in the right people from across the firm to help. Our people-first approach means our team is engaged, collaborative, and ready to work alongside you as a trusted partner. With us, you’ll get joined-up thinking, clear advice, and a team which is as invested in your success as you are.
Learn more
Westcotts is a firm of Chartered Accountants and Business Advisers, with more offices in the South West than any other firm. We have a team of experienced and talented experts that have a wealth of knowledge, with a wide range of specialisms and services. As well as offering general accountancy and taxation advice, Westcotts offer a full-range of services and expertise including all aspects of accountancy, audit and tax compliance and planning, digital services, corporate finance, payroll bureau, probate, financial planning and business recovery and insolvency advice. Dedicated specialist teams include tourism and leisure, charities and not for profit, technology, education, and a full agricultural consultancy service. The company has supported individuals and businesses across diverse sectors operating in local, national and international markets for over 40 years. Westcotts is committed to South West communities and the team provides a very personal and local service to thousands of clients, who rely on us as business partners. A forward-thinking firm, embracing new technologies and innovation, Westcotts delivers exceptional service with clear, calm, and expert advice. We pride ourselves on getting to know our clients, tailoring our approach to the individual needs of your organisation, and working together for the best solution for you and your circumstances. Westcotts makes sure we understand your business, adding value and helping you to flourish. We’re here to help.
Learn more