Making it easier to grow your law firm

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Strategy

This section covers succession, specialisation, mergers, selling a law firm, becoming a partner, and business structure

Starting up

How to plan and execute the process of starting up a new legal practice that is compliant and financially healthy

Finance and accounting

How to set up your firm’s systems to provide the information that enables you to improve profitability and cashflow

Avoiding claims. Insurance

How to avoid professional negligence claims, with examples of common problems and suggested solutions. Plus FAQs on PII

Compliance

This section only covers SRA Accounts Rules and GDPR at the moment. Compliance for start-ups is covered in the Starting up...

Cyber security

How to protect your law firm from cyber attacks. What steps to take if your systems are hacked

Managing people

How to recruit and retain a team that is both happy and highly effective, dealing with the HR issues along the way

Marketing basics

In marketing, like anything, you need to get the basics right. Otherwise the time and money you invest in marketing will be wasted

Winning more clients

How to win new clients, make the most of existing relationships, encourage referrals and generate new leads

Your website

How to approach creating a law firm website that works, from agreeing your objectives to making sure you get the results you want

Social media

Why lawyers need to know about social media, how to make the most of the opportunities and how to avoid potential pitfalls

PR and advertising

How to use PR to build your firm’s reputation; and how to create cost-effective advertising – traditional and online – that delivers results

About

Law Firm Ambition

Law Firm Ambition is a resource for law firms, featuring advice and insights from the industry’s foremost experts. We cover everything from growth strategy to finance and compliance, making it easier to run and grow your firm.

Law Firm Ambition was founded by Travelers, Lloyds Bank, Armstrong Watson, The Cashroom, Burcher Jennings, Hazlewoods and Shieldpay. These leading legal sector brands are committed to gradually building up this resource, sticking to practical issues and updating the content every year.

 

About Travelers

Travelers is the UK’s leading provider of solicitors’ professional indemnity insurance. Thanks to our expertise and longevity in the sector, we’ve also developed a comprehensive suite of property and liability cover tailored specifically to the needs of law firms. Our dedicated team of experts in underwriting, claims handling and risk management are specialists in the sector, equipped to both provide you and your firm with a range of professional guidance and help you identify and embrace new opportunities.

 

About Lloyds Bank

Lloyds Bank has a set of financial products that are designed specifically for the legal sector. We support law firms through our national team of Lexcel-accredited specialist relationship managers who understand the needs and issues of firms.

 

About Armstrong Watson

Armstrong Watson provides accountancy services to law firms, working in partnership with the Law Society. As a legal sector specialist, we do a lot more than just preparing your accounts, SRA Accounts Rules reports and tax returns. Top 30 UK accountants, Armstrong Watson has 17 offices and operates nationally.

 

About The Cashroom

The Cashroom provides all the legal cashier services typically provided to a firm of solicitors, using cashiers employed by us and working remotely from our offices. The cashiers maintain all books and records, pay suppliers, reconcile the bank accounts daily, perform day and month-end routines, submit VAT returns, ensure full compliance with the Solicitors Accounts Rules, and offer management accounts and payroll services too.

 

About Burcher Jennings

Burcher Jennings is a leading supplier of specialist legal costs and pricing services and consultancy. The company's latest product, in partnership with Validatum, is Virtual Pricing Director, a new legal pricing platform set to revolutionise the world of legal pricing.

 

About Hazlewoods

Hazlewoods is one of the UK's Top 25 independent business advisers and chartered accountants, with an established sector expertise that is hard to find elsewhere.

The Hazlewoods specialist legal team of 29 specialises in strategy, finance and tax matters across the legal sector, including SRA and Companies Act audit and related statutory accounts work.

 

About Shieldpay

Shieldpay is the UK’s leading Third-Party-Managed Account and Digital Corporate Escrow provider. Our multi-award winning platform streamlines KYC/AML and client money processes while providing full transparency on the status of funds at all times. This reduces risk (risk of non-completion, risk of fraud, risk of cybercrime) and stress, while saving time and money.