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Beyond the numbers: Sector-specific support for Accountants and Lawyers with standard bank

Beyond the numbers: Sector-specific support for Accountants and Lawyers

Beyond the numbers: Sector-specific support for Accountants and Lawyers

Business

Beyond the numbers: Sector-specific support for Accountants and Lawyers

Beyond the numbers: Sector-specific support for Accountants and Lawyers


Running a legal or accounting firm has never been more complex. From fluctuating cash flow and long billing cycles to tech upgrades and offshore expansion, professional services are facing growing operational pressures—yet their banking needs have largely remained underserved.

Recognising this disconnect, Standard Bank has introduced a new sector-specific approach designed to support the unique lifecycle of firms in the legal and accounting sectors. It’s a shift away from generic banking models and toward a more personalised, relationship-driven strategy that aligns with how these firms actually operate and grow.

Speaking on HOT Business with Jeremy Maggs, Elani Van Der Laan, Head of Legal and Accounting Sectors at Standard Bank’s Business and Commercial Banking Division, explained: “We’ve looked at how firms bill, when those payments come in, and the seasonal nature of their cash flow. From there, we tailor our solutions to reflect the reality of their business cycle.”

A woman wearing glasses and a gray blazer sits at a desk, reviewing documents and using a calculator, with a window and greenery in the background.

Whether it’s the unpredictable nature of cash flow, partner buy-ins, or long billing cycles, Standard Bank has focused on flexibility. Their offering isn’t a product menu—it’s a relationship model. Clients are paired with dedicated teams that understand both the professional and commercial aspects of their business. This personal support is complemented by seamless access to offshore services and digital tools designed to integrate with accounting software and firm workflows.

“Accountants and lawyers aren’t just service providers,” Van Der Laan explains. “They’re strategic advisors to their clients. Our role is to help them be even better at that—by offering the financial backing and banking network they need.”

One standout innovation is the bank’s partner buy-in solution, which allows junior professionals to enter firm ownership without being penalised by traditional credit assessments. It’s a move that supports succession planning and growth in a competitive talent landscape.

While the digital experience is critical, Standard Bank’s message is clear: tech alone isn’t enough. In a world of automated prompts and endless call queues, professional firms still value the ability to pick up the phone and speak to someone who knows their business.

This blend of agility, personal service, and deep sector knowledge is helping South Africa’s professional services sector not only grow—but thrive.

Listen to Elani Van Der Laan‘s full conversation with Jeremy Maggs below:

Standard Bank is an authorized FSP and registered credit provider. Ts & Cs apply.


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