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“Beyond comprehension” why struggling law firm failed to make HMRC arrangement

A tribunal judge has described as “beyond comprehension” the failure of a financially struggling law firm to make special arrangements with HMRC under the ‘time to pay’ scheme.

October 27th, 2014 | 1 Comment »

Demystifying the banking process – what your bank looks for in your firm

The recession and continuing economic challenges highlight the increasing importance of law firms having an effective business strategy in place that considers the ambitions of the firm but ensures that those ambitions are delivered against access to suitable levels of cash flow. By Legal Futures Associate NatWest

February 3rd, 2012 | Comments Off on Demystifying the banking process – what your bank looks for in your firm

Signs of recovery as smaller firms halt income slide and boost partner profits

Smaller law firms have halted the decline in fee income, while partner profits rose significantly last year, Law Society research has found. They saw an average increase of 0.2% in practice fee income in 2010, following a reduction of 6.5% the previous year.

May 11th, 2011 | 1 Comment »

SRA to review approach to conveyancing, financial stability and international matters

The Solicitors Regulation Authority will next year conduct ‘thematic reviews’ on its approach to conveyancing, the financial viability of law firms, and both English firms’ overseas practice and foreign lawyers working over here, it has emerged.

December 1st, 2010 | No Comments »

Ten of the best as SRA unveils four new core duties for slimmed-down code of conduct

There are to be four extra core professional duties when the Solicitors Regulation Authority (SRA) unveils a slimmed-down Code of Conduct later this week, it has emerged. The draft 40-page code – which will form part of an online Solicitors Handbook bringing together all of the SRA’s regulatory regime – is at the heart of next year’s move to outcomes-focused regulation.

May 25th, 2010 | No Comments »

Law firms face financial management duty

There should be a new core duty on financial management, along with requirements that firms disclose financial problems to their regulator, in the Solicitors Code of Conduct, the SRA has been advised.

February 18th, 2010 | No Comments »