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.
Sally Azarmi, director of Azarmi & Co and chair of the Law Society’s Small Firms Committee, recommends keeping close track of business expenses
Jon Whittle shares insights on the problems facing small firms today
Paul Bennett endorses the ‘art of the telephone call’
Jon Whittle reveals how small firms are viewing future business prospects
Andy Poole covers top considerations that individuals should take into account in starting a new law firm
Marcus Hayes, managing director of Mason Hayes, tells us how he runs his niche practice as a competitive business.
Having set up and expanded her sole practice, Melanie Craig, principal of Craig solicitors, says providing outstanding client care is the key to success.
A Q and A with Sally Azarmi, new chair of the small firms committee, reveals exciting plans for 2016 as she sets out her priorities and introduces the small firms division engagement programme.