The ILFM Examinations

Examinations are held twice a year, in Spring and Autumn, and take place online. 

NOTE: From May 2025 all exams will be online only, the pass mark for D1, AA and AFM will also be increasing to 60%. 

WE DO NOT ADVISE ATTEMPTING THE EXAM UNLESS YOU HAVE COMPLETED ALL THE COURSEWORK. You should discuss your exam readiness with your tutor before booking.

ALL students intending to sit the next exam must register before the closing date.  You are required to be a fully paid member in order to sit the exam. 

Next Exam Sitting - May 2025 - bookings will close 7th April

To register for the next exam  please use the links below.  Please contact the office if you have any problems making your booking or if you are unsure whether the exam fee will apply.

All our exams are to be taken online, with live Zoom invigilation. The exam dates are subject to confirmation depending on numbers.

• Diploma D1 Bookkeeping for Legal Finance Professionals - 8th May 2025
• Diploma D2 Legal Finance Compliance & Accounts Rules - 7th May 2025
• Associate AA Accounting for Legal Finance Professionals - 9th May 2025 (TBC)
• Associate AFM Financial Management - 9th May 2025 (TBC)
• Associate ALPM Legal Practice Management - 9th May 2025 (TBC) 
• Associate ATAX Tax for Legal Finance Professionals - 9th May 2025 (TBC)

Further detail for online exams can be viewed HERE. 

Exam preparation sessions can be booked HERE.

• ILFM Diploma Paper D1: Bookkeeping for Legal Finance Professionals Exam - £93
• ILFM Diploma Paper D2 : Legal Finance Compliance & Accounts Rules Exam - £93 
• ILFM Associate Exams: AA, AFM, ALPM & ATAX - £93 per paper

Resist students all inclusive exam fee and re-attending the exam prep session(s) - £124 (for all papers)

All candidates must register for the exam and will receive confirmation of their registration after the booking cut off date along with their candidate number and registration times. All candidates must attend an online exam invigilation practice session once dates are confirmed.

*Any requests for additional examination facilities or arrangements for reasons of a disability or learning difficulties will be considered. This would be where a candidate has been diagnosed as having a significant learning difficulty or disability which has a clear, measurable and substantial long term adverse effect on performance and speed of working.  Each application will be considered on an individual basis, your application should include details of the disability, your requirements and supporting medical evidence. Applications should be made in addition to the exam enrolment booking and should be sent no later than the enrolment deadline for the exam sitting you wish to apply for. The ILFM will make every endeavour to accommodate your needs.

Exam re-sit

If you fail your exam, there is an option to re-sit.  You should discuss this with your tutor and see what their recommendation would be.  There is a fee for re-sit exams.

Feedback on Examinations Scripts

Students wishing to receive feedback on their examination paper, in the event of a fail, must make an application to the ILFM office. The request must be placed within 21 days from the results being announced. The fee for feedback is £50.  Feedback will be supplied via e-mail and is limited to detailing where the marks were lost along with accompanying recommendations. As it is a closed book exam no exam papers or the questions can be sent to students with the feedback.

The Exam Regulation page is HERE.

Unlike many organisations, admission to the higher grades of membership is by ILFM Qualification only. To this end, the ILFM has its own structured examination scheme. Because of the varied ages and backgrounds of those joining the ILFM, there are no formal requirements for embarking on the following examination route:

The Diploma, Paper One - Bookkeeping for Legal Finance Professionals & Paper Two - Legal Finance Compliance & Accounts Rules - These are 3-hour examinations and are intended to test the immediate working knowledge of the office environment.

The Associate, (three mandatory parts) For Diploma Members only - This is designed to test career students on a deeper understanding of the many legal and accounting topics they will meet in working life.  Each Associate certificate is a 3-hour examination.

The Fellowship, (by thesis and presentation) - This is the ILFM's highest qualification.  Further information can be found by selecting the Fellowship link from links listed on the left of this page.

Note - from May 2025 the Pass mark for D1, AA & AFM will be 60%.

To ensure standards are always the highest, the ILFM Examination Board includes an external examiner.

The Fellowship is graded as a pass with 50%+, a merit with 65%+ and a distinction is 80%+.