Finance
Tax savings “outweigh complexity” of moving from partnership to limited company
Solicitors’ firms put off becoming limited companies by the complexity of conversion from partnerships are missing out on “very substantial” tax savings, according to one former firm that incorporated successfully three years ago.
Mayson: lawyers have lost touch with what clients want and need to rethink cost base
Too many lawyers have lost touch with what clients are really looking for and need to do more to create value for their clients, legal strategy expert Stephen Mayson has claimed. He also argued that major law firms need to rethink their cost base as “stripping out cost, based on the traditional ways of working, has gone about as far as it can”.
In a fix
Accountant Nigel Reynolds explains why law firms need to bring back fixed fees in a bid to secure future success in business.
Tories pledge early action to consolidate client accounts to earn interest for legal aid
The Conservatives will move quickly if elected to consult on plans to consolidate all solicitor client accounts in one place and apply the interest that accrues to the legal aid fund, Legal Futures can reveal.
Jones hire puts spotlight on law firm pricing
Jenny Jones, an accountant with years of experience in pricing legal services at City giant Linklaters, has joined law firm consultancy Jomati.
Emerging from recession – a vulnerable time for recovering law firms
Chris Marston, Head of Professional Practices at Lloyds TSB Commercial, a Legal Futures Associate, offers a view on financial issues for law firms as the economy recovers.
Blog
The ‘blank sheet’ challenge – what would you do differently?
The law is all about precedent and what came before. But imagine you had a blank sheet of paper and could start from scratch. What would you do differently? What would stay the same?
Why is Andrew Malkinson still paying for a crime he didn’t commit?
Like many in my profession and beyond, I have been moved by the case of Andrew Malkinson, the man who spent 17 years in prison for an awful crime he did not commit.
What is tech bloat and why is it a problem for law firms?
Too many law firms are adopting shiny new tech without first retiring their legacy systems, causing duplication and unnecessary costs.
