Legal ERP for Singapore

Client accounting in Singapore law firms follows the Legal Profession (Solicitors Accounts) Rules, which require strict separation of client money from office money. Client accounts must be maintained at approved banks, and the Law Society conducts regular inspections of solicitor accounts. Interest on client money must be handled according to the rules, and annual accountant reports certifying compliance must be filed. Conveyancing money is subject to additional protections under the Conveyancing and Law of Property Act, with the Singapore Academy of Law providing conveyancing money service.

Billing practices include hourly rates for corporate and commercial work, fixed fees for conveyancing and other standardized services, and party-and-party costs awarded by courts under the Rules of Court 2021. The Costs Guidelines provide guidance on reasonable costs for different categories of proceedings. GST at 9% applies to legal services, and law firms must include GST in their bills of costs.

Yukti provides Singapore law firms with client accounting that maintains Law Society compliant separation of client and office funds, tracks conveyancing money through the SAL system, and generates the accountant report documentation required for annual compliance certification. The matter management module handles cases across the Singapore courts, SIAC arbitration, SIMC mediation, and SICC proceedings with the different procedural rules and cost regimes for each forum. Time recording supports hourly billing with the bill of costs preparation required for party-and-party cost recovery. The conflicts checking module screens against the full client and matter database with relationship mapping. GST at 9% is applied to invoices and tracked through quarterly IRAS returns. The LSRA registration module manages foreign law practice license renewals and JLV arrangement compliance. The AML module implements CDD requirements under the Legal Profession (Prevention of Money Laundering and Financing of Terrorism) Rules.