Making it easier to grow your law firm

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

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

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

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

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

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

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

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

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

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

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

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

Legal sector review 2023 Q4

This three-part video is the latest in a series of quarterly reviews of the legal sector by the team behind Law Firm Ambition. (9 January 2024)

 

Part 1: Andy Poole covers:

  • The increasing popularity of Employee Ownership Trusts (EOTs)
  • For firms where capital requirements make succession difficult
  • And because of the significant tax advantages for the vendors and employees

 

 

Part 2: Ian Johnson covers:

  • Axiom Ince’s £65m black hole
  • The cost of renewing practice certificates will rise, of course
  • And the SRA will want Reporting Accountants to be more robust in reporting issues

 

 

Part 3: Alex Holt covers:

  • A busy period of conferences, exhibitions, networking events, award ceremonies
  • It's tricky to judge ROI on overlapping events
  • Regulations continue to tighten (AML, etc), but AI is still the hot topic

 

See the previous quarterly videos: