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
At Lloyds Bank Commercial we work closely with solicitors to provide funding and support that meets the specific needs of your business.
Our specialist Relationship Managers are Lexcel-trained and understand practice management standards and the opportunities and threats that face the profession.
They are also trained in the SRA Accounts Rules, to ensure we complete the housekeeping processes correctly.
We have a range of support available to the legal profession, from funding professional indemnity insurance to providing card payment solutions. We also support firms to bring in new partners through partner capital loans, and to manage client money through a range of secure accounts.
www.lloydsbank.com/business/industry-focus/solicitors
Articles on Law Firm Ambition
Dealing with lenders - a checklist by David Newbury
Bank finance for law firms FAQs by David Newbury
Security for borrowing FAQs by David Newbury
Cyber fraud – is your law firm prepared? by Darren Cable
Start-up finance and insurance by Darren Cable and Chris O'Day
Funding for PI insurance and tax by Darren Cable
Contents list Lloyds Bank