Spring budget 2016

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17 March 2016


Saunderson House200Yesterday, George Osborne delivered his first full Budget of the current Parliament. In his own words he described this as a Budget for the next generation, with a repeated theme of “act now, so we don’t pay later”.

His speech contained the usual set of jokes at the opposition’s expense and a healthy smattering of his own phrases of choice – six uses of “Northern Powerhouse”, with a “devolution revolution” and “we are the builders” thrown in for good measure.

In this note we cover the four announcements that we believe are likely to be most relevant to the financial planning of our clients, together with a brief comment on the potential impact of the Budget on markets. If you have any questions, please contact your usual adviser.

Download the full Budget Briefing here



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Joint (ad)ventures in the legal sector

Nigel Wallis lo res

We all know that nothing in life is certain. As the actor, director and philosopher Clint Eastwood once said: “If you want a guarantee, buy a toaster.” He also said he’d tried being reasonable and didn’t like it. They should teach this kind of philosophy in law school. One thing in life is reasonably certain though. If you’re a law firm worth your salt, at some point you will be approached by another entity (most probably a work introducer) with a whizzy idea to ‘partner’ with you to ‘help you accelerate your growth’. In commercial speak this means, ‘we’d like to keep feeding you work but we’d also like to share in your profits’. The arrangement may be pitched to you as a joint venture – a win-win no less.

March 27th, 2017