In the third part of Armstrong Watson’s series on starting up your own firm, Andy Poole discusses the major tax considerations.
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.
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.