An external examiner is a qualified, independent professional who conducts annual audits of law firm trust accounts. They must be registered with the relevant state or territory Law Society and are appointed to provide an independent review of how a law firm manages client funds, ensuring compliance with legal and regulatory requirements.

External examinations are a regulatory requirement under the Legal Profession Uniform Law. Every law firm that holds trust money must have its trust accounts examined by an external examiner at least once every 12 months. This ensures client funds are protected and firms maintain proper accounting practices.

The duration varies depending on the size and complexity of the law firm's trust account operations. On average, a standard examination takes 2-3 weeks. We connect you with examiners who can work efficiently while maintaining thoroughness and compliance with all regulatory requirements.

Costs vary based on factors such as your location, firm size, and trust account complexity. By connecting you with multiple registered examiners, we help you get competitive quotes so you can choose the best value. Contact us for a personalized quote tailored to your firm's specific needs.

All external examiners in our network are verified, registered practitioners with the relevant state or territory Law Society. They hold the necessary qualifications, professional indemnity insurance, and are in good standing with regulatory bodies. We verify credentials before any examiner joins our network.

If discrepancies or compliance issues are identified, the external examiner will provide a detailed report with recommendations for corrective action. Minor issues can often be resolved quickly, while more serious matters may require follow-up procedures. Our examiners work with you professionally to ensure compliance is achieved.