Compliant legal accounting software for UK law firms

Speed up month-end and streamline your accounts and requisition processes with ease. Osprey offers a complete all-in-one legal accounting solution for solicitors and law firms of all sizes.

Trusted by law firms across the UK
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SRA and HMRC compliant accounting & billing software for solicitors

Centralise your financial processes and practice management into one platform to reduce errors and improve visibility. You’ll pay one licence fee and have access to all case management and accounting software features.

View all accounting software features below:

Why UK law firms use the Osprey Approach accounting software

One platform, one licence fee

Easily manage both your office and client accounts from one platform. Osprey is an all-in-one solution, so you don’t need to pay for an additional accounting system. Securely store and manage all your financial data without the need for integrations.

Accurate data and reporting

Access up-to-date and reliable financial reports because with Osprey, all your financial data is managed in one place. Digital requisitions, controlled authorisations, month end actions, VAT submissions and visibility of client ledgers and nominals in one platform streamlines your business for improved cashflow.

SRA, Lexcel & HMRC compliant

Have confidence you’re meeting the SRA Accounts Rules, and Lexcel and HMRC requirements when using the Osprey accounting solution. Authorisation control, prompts, audit trails, and reports all help you to stay compliant and mitigate risk in your financials.

Comprehensive reporting suite to manage law firm financials

Access an extensive financial and management report template library and a built-in report builder so you can view the data you need on a daily basis.

Business and client financial report templates include:

  • Profit & Loss
  • Balance Sheet
  • VAT Returns
  • Aged Debtors
  • Unpaid Bills
  • Cost Transfers
  • Client Funds Movements and more

The Osprey Approach all-in-one legal software solution for SME law firms

The Osprey Approach solution combines comprehensive case management, powerful practice management, compliant legal accounting, and streamlined client management that helps make running your law firm easier.

Successfully switch to Osprey Approach

Get support with your data migration

Your dedicated project manager will assist you with retrieving your existing data from your current system, preparing it to be imported, and then importing it all to Osprey.

View data migration process >

There’s always telephone-first support

As you’re migrating to Osprey you’ll have priority support to minimise disruption with your team. Once live, your team will always be able to call our UK support team for help and advice.

Access unlimited training

Unlimited training is included as standard because confident users’ equal happier staff and bigger returns for your firm. Train in a way that suits you with our array of group, one-to-one, online and video training sessions.

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Implementation timescales to meet your needs

You’ll be guided through our reliable implementation process that has successfully migrated hundreds of firms from software that no longer meets their needs to Osprey. We can offer a variety of timescales, support, and phased approaches to meet your firm’s needs.

Control of cashflow and profitability

With Osprey, you’ll have a 360-degree view of your client and office accounts, with side-by-side client ledger postings and support for as many bank accounts and currencies as you need. Manage your business finances, nominal ledgers, and banks for all your law firms’ outgoings, invoices and receipts.

With full integration to the entire practice management software, you’ll have access to everything you need to ensure control over your cashflow and profitability, from one central platform.

Frequently Asked Questions
  • What is legal accounting software?

    Legal accounting software is a digital solution for managing a law firm’s finances including billing and invoicing clients. A specialised accounting software for legal professionals will enable you to effectively manage both your office and client accounts, be SRA complaint, connected to HMRC for MTD, manage disbursements, bank reconciliations and offer financial reporting. Osprey Approach is an end-to-end practice and case management solution that includes a fully integrated, specialised legal accounting software so you can be confident your finances are streamlined and accurate.

  • Why should I use legal accounting software?

    Law firms should use legal accounting software because it provides them with the correct tools to effectively manage their business and client accounts, ensuring they stay complaint. There are a variety of accounting software solutions on the market but typically they’re not created for law firms or specialise in legal accounting. Therefore, these products may not handle or consider the more complex needs of law firms and the regulations and compliance requirements you need to follow. This is why we recommend law firms choose a solution that is designed for law firms and is fully integrated with a practice management solution.

  • Is Osprey SRA and HMRC compliant?

    Osprey provides firms of all sizes with the features and functionality to successfully meet SRA requirements and best practices which will help firms become SRA compliant. You can find out more about the compliance features, functionality and workflows here. Osprey is also an approved MTD software supplier which ensures you can digitally submit your VAT returns through Osprey in the HMRC MTD portal.

  • Do you provide business and client financial reports?

    Osprey Approach includes a variety of reports for both business and client financials, including other various firm-wide reports which provides firm’s with a 360-degree visibility of their performance. Osprey also includes the report writer tool so you’re able to build your own reports using the data you hold in Osprey. For further insight and advanced reporting we also provide business intelligence tools that enable you to create interactive and intuitive dashboards that are configurable and customisable to your firm’s needs.

  • Do you integrate with QuickBooks or Xero?

    Osprey Approach is a complete, end-to-end practice management solution that includes everything you need to effectively manage your firm, clients, cases and finances. Osprey includes fully integrated legal accounting software which means you don’t need to purchase additional accounting software to use with Osprey Approach. This is why we don’t integrate with other accounting packages because the features within Osprey are designed specifically for law firms, are SRA compliant and have everything you need to manage your business and client accounts.

One platform to manage all your cases

Access better software support and an all-in-one solution

Upgrade your practice and case management system today, to Osprey, and make it easier to run your firm. Book an initial demo to see the software in action, get pricing details, and information on our implementation and data migration services.

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