SIFA forms strategic alliance with 360 Legal to push financial and legal services tie-ups

Print This Post

19 August 2011


SIFA, the support group for financial advisers who work in or with the professions, has entered into a strategic association with 360 Legal Group, the training and management consultancy group for solicitors. Both are Legal Futures Associates.

The aim is to bring together SIFA’s population of 170 professional IFA firms, with over 1,000 advisers, and 360 Legal’s solicitor population of 700 member law firms, and to provide the training, regulatory compliance, business planning and marketing support which will assist solicitors to differentiate their client proposition by offering an holistic service which will provide the basis for on-going client relationships.

Ian Muirhead, MD of SIFA, said: “Solicitors’ response to the Legal Services Act has in many cases been too defensive and has neglected the business development opportunity offered by aligning with providers of complementary services, of which financial services is the prime example.

“Providing access to fee-based financial advice enables solicitors to regain their traditional role as trusted advisers. They will also need to develop management processes to cope with the demands of principles-based regulation, and here SIFA’s experience of working with the FSA will provide the basis for its ex-Law Society and SRA directors to complement the services of 360 Legal’s consultants.

“The synergy between our two organisations is compelling and my colleagues and I are looking forward greatly to working with Viv Williams and his team. There is much we can do together to assist solicitors to respond positively to the challenging times which lie ahead.”

Viv Williams, MD of 360 Legal, added: “The legal profession has an excellent opportunity to provide their clients with an added value service that changes their traditional transactional relationship.

“Working with an organisation that understands the importance of compliance and the needs and requirements in following the new code of conduct will encourage law firms to engage in wealth management. SIFA is an organisation that understands these issues and we will be delighted to work with Ian and his team.”

Tags:



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

Do not fear robot lawyers – fear robot clients

Pulat Yunusov

Tech is famous for its shorter and shorter hype cycles. Robot lawyers were all over the twitters only a few months ago and now people actually yell at you for even mentioning the thing. Of course, robot lawyers should not even have surfaced in the first place because no one is remotely close to building them. Lawyers should not fear for their livelihoods. But there is something that is much more important than robot lawyers. It’s robot clients. Or at least the proliferation of machines, automated transactions, and standardized processes where lawyers once controlled the terrain.

September 20th, 2016