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
Small steps, big impact: how SME law firms are making legal tech work
For SME law firms, the priority is turning the potential of tech into measurable impact: success is driven not just by the technology, but by how firms approach planning and implementation.
Why housing disrepair claims against councils have leapt by nearly 400%
Housing disrepair claims against councils have surged dramatically in recent years, with some areas reporting increases approaching a staggering 400%.
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
