Legal ERP for Australia

The Legal Profession Uniform Law (Managed Investment Schemes and Wholesale Clients) provisions and the costs disclosure requirements under the Uniform Law require firms to provide costs agreements, cost estimates, and disclosure of billing rights before commencing work above specified thresholds. Costs assessment by a costs assessor or the court is available for disputed bills. Legal aid work follows the funding guidelines of the state or territory Legal Aid Commission, with different rates and eligibility criteria in each jurisdiction.

Anti-money laundering obligations for law firms are set by the legal profession regulators in each jurisdiction, with requirements for client identification, record keeping, and reporting suspicious matters to AUSTRAC (Australian Transaction Reports and Analysis Centre). The AUSTRAC reporting obligations include threshold transaction reports for cash transactions of $10,000 or more and suspicious matter reports.

Yukti provides Australian law firms with trust accounting that adapts to the jurisdiction-specific requirements across NSW, Victoria, Queensland, and other states, with external examination report preparation. The costs disclosure module generates the costs agreements and disclosure documents required under the Uniform Law or state legislation. Time recording supports multiple billing arrangements including hourly rates, fixed fees, and speculative (no win, no fee) arrangements common in personal injury law. Matter management handles cases across federal, state, and territory courts, tribunals, and alternative dispute resolution forums. AUSTRAC compliance is built into client onboarding with identification verification and suspicious matter reporting capability. GST at 10% is applied to legal services and tracked through BAS reporting. Payroll handles the Legal Services Award with professional staff classifications and superannuation contributions.