Months of bank statements. Manual reviews. High effort, operationally demanding.

For Myerson Solicitors, source of funds checks were one of the most time-intensive parts of compliance. Essential but slow, and heavily dependent on human judgement.

As an employee-owned Top 200 UK law firm with a growing client base and increasing regulatory scrutiny, Myerson needed a better way to review source of funds: one that reduced manual effort, improved consistency, and gave compliance teams strengthened assurance in the outcome.

The challenge: slow, manual reviews with too much room for error

Before Legl, source of funds checks were managed through emails. Fee-earners manually reviewed up to six months of bank statements per client, scanning line by line for anything unusual.

The process was time-consuming and difficult to standardise.

As Dora Bumber, Head of Risk & Compliance, explained:

“People make mistakes, they’re not robots and when reviewing large volumes of documentation at pace, there’s always a risk that important details can be missed.’’

Key information was often embedded within lengthy bank statements, meaning reviews required significant manual effort. As volumes increased, Myerson identified an opportunity to introduce greater structure and automation to support consistency, insight, and auditability. 

The solution: AI-powered source of funds analysis using Legl

Rather than continuing with manual reviews, Myerson introduced Legl’s dedicated source of funds workflow.

By leveraging open banking to retrieve data directly from the source, Legl automatically analyses transaction activity and flags the areas most likely to indicate potential risk. This includes recurring sources of income, regular outgoings, large one-off transactions, and account trends over time that may point to unusual or suspicious patterns. High-risk activity, such as cash deposits, non-UK currency transactions, or crypto payments are also clearly highlighted for review.

Instead of trawling through months of bank statements, fee earners are presented with a clear, structured summary that surfaces what matters most, enabling faster, more confident decision-making.

“This has been an absolute lifesaver for our solicitors. It’s so much easier to digest than six months of bank statements where things can easily be missed.”

The outcome: A better experience for clients and compliance teams

The new process improved the client experience as well as internal workflows.

Rather than downloading bank statements and emailing attachments, clients now click a secure link to share their information. Since implementing Legl, Myerson has received positive feedback on the simplicity of the process from clients.

For Myerson's team, there's been a huge boost in confidence. Every source of funds check now follows a consistent, auditable process, supported by AI-driven insight rather than manual interpretation alone.

The takeaway: faster reviews and stronger assurance

By replacing manual reviews with structured analysis, Myerson has significantly reduced the time spent on source of funds checks while increasing confidence in the outcome.

Solicitors no longer rely on memory or visual scanning to identify issues. Instead, they get repeatable, defensible insights every time, with a clear audit trail to support regulatory scrutiny.

Looking ahead: automating compliance end-to-end

Following the success of source of funds, Myerson is continuing to consolidate compliance activity into Legl.

Dora is particularly focused on automation and integration:

“As we bring more compliance work into Legl, the next step is to automate as much as possible.”

With Legl’s open API, the firm sees clear potential to automatically save source of funds outputs directly into client files, reducing manual admin even further and creating a single source of truth for compliance.

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