With the majority of law firms in England and Wales having fewer than five partners, and with many of those partners being close to retirement age, how to achieve an exit is becoming ever more crucial. Tom Blandford considers how smaller firms can achieve the transition.
The 2019 Financial Benchmarking Survey is now open for contributions. Anthony Earl, solicitor-director at Earl & Crocker Solicitors and member of the Law Society’s small firms committee, explains why it’s good idea for small firms to take part.
Justin Rourke explains the SRA’s recent proposals surrounding solicitor referrals to an independent financial adviser, and the positive changes they could bring.
The legal sector continues to face many challenges to its traditional methods and practices. For small law firms, recognising these challenges, and seeking advice and making plans to address them, is critical to their future survival and success. Rosy Rourke lists the top considerations at the moment for anyone running a small law firm.
Justin Rourke outlines three ways in which you can future-proof your firm for the future.
As the adage counsels us, without time off work people become bored and boring. We asked experts on our small firms committee to reveal their top tips for planning some business friendly ‘downtime’. Here’s a selection of their advice for small firm practitioners.
Having your own business where your business is offering advice can be frustrating, especially amongst friends, suggests Tim Browne, business coach and key note speaker at this year’s Small Firms division annual conference.
What sources of funding are available for law firms, and how readily available are they? Andy Preece, commercial funding director at Armstrong Watson LLP, lists seven options.
Last week the SRA announced it would proceed with controversial proposals to require firms to publish pricing information on their websites. Michael Lonergan, policy adviser, provides a summary of the changes as they affect small firms and what the Law Society plans to do to help members adapt to the changes.
In part two of our series on GDPR, Pearl Moses, Head of Risk and Compliance, Law Society, looks at the new requirement of data subject access requests and how to manage them.