Price Bailey is the Law Society’s endorsed accounting partner for London and the South East
Price Bailey work with over 400 professional services and over 130 legal sector clients. We understand the day-to-day challenges that partners face in running a successful practice, such as:
- accountancy, audit and assurance services
- SRA accounts rules review
- individual and partnership self-assessment tax returns
- corporation tax compliance
- general tax and VAT consultancy
- mergers and acquisitions
- advice on business structures
- advice on governance
We’ve seen huge changes in the legal market in recent years. Consolidation, the challenges around PI insurance, and competition enhanced by the introduction of alternative business structure licences have reinforced the importance of specialist sector advice. Legal practices are in an ideal place to exploit the opportunities available to them.
Howard Sears, Head of Professional Services
These issues, coupled with client demands, can often result in practice leaders having little time to focus on growing and improving performance within their practice. Our goal is to help law firms thrive, by giving them the right level of support to run their firm and enable them to take advantage of the wealth of opportunities available.
By truly understanding the legal sector and being aware of latest industry trends, Price Bailey can help you to:
- ensure your firm is structured in the most tax and commercially effective manner
- improve profit and performance
- develop your leadership team and enhance the partner appraisal process
- take advantage of investment opportunities through ABS licensing
Our advice is tailored to suit the specific needs of your partners and your practice. We aim to understand how you operate, the culture of your firm and what you want to achieve and then base our advice around this.
Price Bailey provides a free helpline for The Law Society members for advice on any financial or business matters. Simply phone the dedicated number on 0207 065 2669 and speak with a member of our team, or visit www.pricebailey.co.uk/TLS