Holden Smith Law Limited x Numero
Holden Smith Law specialises in a wide range of legal services, including Residential Property, Commercial Property, Family Law, Corporate & Commercial Law, and Wills & Probate. Founded with just two solicitors, the firm has been a valued client of Numero since its inception and has experienced significant growth in recent years, expanding to multiple branches and nearly 100 staff members.
As Holden Smith Law expanded, they needed an efficient way to manage their growing financial operations – one that would seamlessly adapt to their expansion without the need to build an in-house accounts department.
Roche Legal outsourced their legal cashiering to Numero! We adapted our process and agreed to work on-site for one week to get to know the team and prove ourselves to be a trustworthy cashiering provider.
We began by addressing the financial issues that had been stacking up and required careful reconciliation. To do this, we systematically unpicked and rectified incorrect transactions from the previous 12 months. and collaborated with the firm’s accountants to rectify discrepancies that extended beyond the 12-month timeframe.
Our trusty team of legal cashiers also implemented new processes for Roche Legal’s daily business transactions to prevent similar issues from reoccurring in the future, and ensured that these processes worked well with their new case management system, LEAP.
As a result of our week-long, on-site efforts, Roche Legal realised our value and chose Numero as their long-term legal cashiering provider. We continue to offer the following services to Roche Legal on a day-to-day basis:
- Daily bank reconciliations of all bank accounts, including those in multiple currencies.
- Advising and processing of funds received.
- Checking and setting up bank payments from clients and office.
- Addressing and resolving staff queries relating to financial ledgers.
- Monthly compliance and management reporting.
- Coordinating with accountants to ensure financial matters are in order.
Our dedicated team of outsourced legal cashiers seamlessly integrated into Holden Smith Law’s day-to-day operations. By passing the majority of their financial responsibilities to Numero, they’ve avoided the need to hire, train, and manage a team of in-house legal cashiers.
By taking the time to understand their unique needs, Numero has been able to provide Roche Legal with tailored solutions that benefit their firm. Some of these benefits include:
Financial Clarity: Before our engagement, Roche Legal were unable to trust their accounting records. After the switch to our services, they gained a comprehensive understanding of their business accounts which set them up to make informed and bold decisions for the firm, eliminating guesswork and enabling sound financial planning for the future.
Cost Savings: Despite the additional costs of on-site work, Roche Legal found that the total cost of our services was lower than what they had been paying their previous outsourced cashiering provider and their in-house legal cashier, all while receiving superior legal cashiering support..
Peace of Mind: With their accounts now up-to-date and accurate, Roche Legal gained complete peace of mind. They no longer had to worry about the accuracy of their financial records and could focus on what really mattered to clients, their service offering.
In summary, our services completely transformed Roche Legal's accounting and cashiering processes, eliminating inefficiencies and boosting their financial confidence. Here’s to many more years to come!
We have worked with Numero since our inception in 2019. As a small firm at the time we relied on their expertise to help design our accounts processes for the firm and provide cashiering services to keep us compliant.
Over the years we have grown and our processes remain as robust as day one thanks to Numero. They have allowed us to grow quickly without ever needing to worry about the accounts and the fluctuating capacity loads. Always being on hand to provide assistance when needed.
I would recommend Numero to any law firm looking to outsource their accounts, whether they are a large or small firm. They are an integral part of Holden Smith.