Why would anyone buy your law firm?
Imagine returning to the office after your summer holiday to find a sealed envelope marked ‘Strictly Private & Confidential’ sitting on your desk. So, after splashing on the Factor 30 in sun lounger and before you reach for your Kindle, take a few moments to reflect on the key reasons why people buy businesses and how they might apply to your law firm. Just in case that envelope is there waiting for you.
The questions law firms should be asking their cloud computing providers
Cloud computing is proliferating the legal sector as firms see the benefits of having effective business continuity procedures in place and being able to offer staff more flexibility around how and where they work. But while most firms strive to put the protection of client information and data at the top of their priority list, how many firms actually have full knowledge about their provider? And how many are compliant with the Solicitors Regulatory Authority’s (SRA) code of conduct?
Deregulation: Too much of a good thing?
There are a lot of things that lawyers and the government do not agree about. One area where they do, generally speaking, is the need for deregulation. The ‘legal regulators’ (this now includes the Institute of Chartered Accountants in England and Wales) were keen to show just how much they agree in the three reports sent by the Legal Services Board to justice minister Shailesh Vara this week.
Solicitors are lawyers too, Mr Gove
Michael Gove’s performance before the justice select committee yesterday was a skilful one. Thoughtful, reasonable, non-dogmatic – two months into his time as Lord Chancellor and Secretary of State for Justice, he continues to win plaudits simply by virtue of not being Chris Grayling. Coming into the evidence session having already scrapped two of his widely despised predecessor’s most unpopular criminal justice policies, he made all the right noises and generally seemed far more engaged with his brief than Mr Grayling ever did.
Five key risks that probably aren’t in your risk register, but should be
The risk experts at VinciWorks have conducted multiple off-the-record conversations with various COLPs, COFAs and risk officers to discuss the risks they are examining in their firms and placing in their risk management system. In addition, we researched multiple online risk resources and the SRA’s own public statements on risk and OFR. This list features five key risks that you should focus on when compiling your risk register and conducting risk strategy sessions.
