Industry demo · Law firms
Client money right, matters profitable, partners paid — in the UK and Asia.
Law firms keep client money and office money apart, and regulators check it. This demo follows a firm's London and Singapore offices through one month: the client account, matters, lock-up, utilisation, partner profits and the fees between offices. Only financial data is held — never case files.
Example company: Harcourt & Lim LLP
A law firm with an office in London and an office in Singapore, advising companies and families. Corporate, property, private client and disputes work, 4 partners and 18 fee earners, October 2026.
Three-way client account reconciliation, on time
Bank statement, client cashbook and every client ledger agreed, in each office, on the schedule your regulator sets (at least every five weeks in England and Wales). Overdrawn client ledgers are flagged the same day.
- Bank statement
- £1,238,400
- Paid in, not yet cleared
- +£45,000
- Paid out, not yet on statement
- −£18,600
- Client cashbook
- £1,264,800
- Total of 5 client ledgers
- £1,264,800
M-2207 is overdrawn by £1,200 (paid out before funds cleared). Replace it from office money today and record the breach.
Last reconciled 30 Sep 2026, signed off by the partner. Next due 4 Nov 2026.
- Bank statement
- S$2,085,000
- Paid out, not yet on statement
- −S$32,500
- Client cashbook
- S$2,052,500
- Total of 3 client ledgers
- S$2,052,500
Last reconciled 30 Sep 2026, signed off by the partner. Next due 31 Oct 2026.
Every matter: time, bills, disbursements and margin
Unbilled time, disbursements to recharge and the margin on each matter, so partners see which work pays before the year end.
| Matter | Unbilled time | Disbursements | Margin |
|---|---|---|---|
| M-2215Corporate · share sale · billed £60,000 | £26,000 | £2,400 | 56% |
| M-2192Disputes · contract claim · billed £24,000 | £30,500 | £7,900 | 47% |
| M-2187Private client · probate · billed £18,200 | — | £650 | 61% |
| Matter | Unbilled time | Disbursements | Margin |
|---|---|---|---|
| S-0418Corporate · acquisition · billed S$120,000 | S$28,000 | S$5,200 | 59% |
| S-0431Family office · trust set-up · billed S$15,000 | S$27,000 | S$1,100 | 61% |
| S-0409Property · conveyancing · billed S$9,800 | — | S$420 | 40% |
Lock-up, in days
How long work sits unbilled and bills sit unpaid. Cutting lock-up is usually the fastest way for a law firm to free up cash.
3 days over the 90-day target. Bill the oldest unbilled time first.
Inside the 90-day target.
Fee-earner utilisation
Chargeable hours against target for every fee earner, from your time records, in Ting BI.
- Partner · corporate92 / 100 h · 92%
- Senior associate · disputes131 / 120 h · 109%
- Associate · private client84 / 120 h · 70%
- Partner · corporate108 / 100 h · 108%
- Senior associate · family office97 / 120 h · 81%
- Associate · conveyancing118 / 120 h · 98%
Partner profits and drawings
Ting CFO shares profit by the partnership agreement, keeps a tax reserve and shows who can draw and who has drawn too much.
- Can draw £6,400
Partner A · London · 30%
Profit £444,000 · tax reserve £177,600 · drawn £260,000
- Overdrawn £8,000
Partner B · London · 25%
Profit £370,000 · tax reserve £148,000 · drawn £230,000
- Can draw £12,000
Partner C · Singapore · 25%
Profit £370,000 · tax reserve £148,000 · drawn £210,000
- Can draw £27,600
Partner D · Singapore · 20%
Profit £296,000 · tax reserve £118,400 · drawn £150,000
40% of each partner's profit is kept back for their personal tax (sample rate), so nobody draws money they will need for their tax bill.
Fees between offices, checked
When one office does work for another's client, the fee is checked for withholding tax and transfer pricing before it's paid.
- Checking
Singapore → London · £48,000
English-law advice on S-0418, done by the London corporate team
- Checked
London → Singapore · S$36,000
Clients referred to the Singapore office this year
Ting Pay holds a payment while its withholding tax check is pending, and a Ting tax professional confirms where the work was done and what each office should earn.
Ready for the accountant's report
Reconciliations, sign-offs and breach records kept together all year, so your reporting accountant gets a complete file. The report itself is done by or with a qualified reporting accountant partner.
- Monthly three-way reconciliations, signed off
- Breach register with what was done and when
- Client ledger balances held over a year, listed
- Interest paid to clients on money held
Want this for your business?
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