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.
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.
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.
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.