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How will Budget 2012 affect professional practices and their clients?

Moore and Smalley’s head of professional practices, Karen Hain, and tax partner Rachel Marsdin, discuss the implications of Budget 2012 for professional practices and the potential impact on their clients.

How Lexcel accreditation can strengthen your law firm

Regular readers of my blog will know I have talked on numerous occasions about the benefits to law firms of gaining Lexcel accreditation. While I have alluded to the benefits in a number of posts, I’ve decided to focus this blog entirely on the reasons why I think law firms should be looking to gain [...]

Business Structures And The Tax Implications (video)

Moore and Smalley’s head of professional practices, Karen Hain, and tax partner, Rachel Marsdin, discuss the most appropiate business structures for your professional business from a tax point of view.

2012 will be a year of change for legal sector

With very sluggish growth predicted, it’s going to be a tough year for all businesses and this in itself will continue to impact the legal sector as companies look to reduce legal costs and demand for certain legal services falls. 2012 will be the year we start to see the impact of non-lawyer owned legal [...]

Posted by
Karen Hain
in
Advice for Professional practices
On December 22 2011

Impact of Legal Services Act: Risk management and strategy the new watchwords for law firms

With the end of the year approaching and with alternative business structures now a reality, many managing partners will be taking stock and thinking about what the future holds. Some law firms have already taken proactive action by launching new services to take advantage of deregulation under the Legal Services Act, others have taken a [...]

Impact of Legal Services Act: ABS require detailed business plans

Well, October 6 has been and gone and the initial wave of alternative business structures (ABS) is in the pipeline. The Council for Licensed Conveyancers (CLC) has announced that it is considering ABS applications and about 100 are expected by the CLC this year. While it’s now unlikely the Solicitors Regulation Authority (SRA) will be [...]

Countdown to Legal Services Act: The need for good risk management

In my time advising law firms, I have learnt one irrefutable truth – lawyers, while fantastic at managing risk for clients, can be poor at risk management within their own firm. This is not really the fault of lawyers, far from it; it’s just what happens to those who’ve spent years being totally immersed in [...]

Countdown to Legal Services Act: Preparing for outcomes focused regulation

Radical changes are being implemented by the Solicitors Regulation Authority (SRA) to help regulate alternative business structures allowed from October 6 2011 under the Legal Services Act. The new approach aims to protect the public interest and benefit clients through a regime of outcomes focused regulation (OFR). By focusing on overarching principles and specific outcomes, [...]

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