It may be obvious why you need a business plan - Tom Blandford of Armstrong Watson considers some of the less obvious reasons.
Dave Seager, managing director of SIFA Professional, explains why solicitors should view price transparency as a great opportunity to refresh their websites and attract new clients.
Rosy Rourke of Armstrong Watson presents a guide to accurate cash flow forecasting and projections for firms of all sizes, and explains why they are a somewhat overlooked business planning tool.
In the final part of Armstrong Watson’s series on starting up your own firm, Andy Poole explains applying to the SRA for authorisation.
In the third part of Armstrong Watson’s series on starting up your own firm, Andy Poole discusses the major tax considerations.
Under the new SRA Code of Conduct coming this November, all referrals to IFAs must be based on a written agreement if a fee-sharing agreement is in place. How can solicitors achieve this while protecting and evidencing clients’ best interests, asks Justin Rourke
Many firms don’t worry about cash until it’s too late, says Andy Poole. He explains why you should be constantly reviewing your cash requirements throughout the year, starting with your most important asset - your people.
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.