Tag Results
“Beyond comprehension” why struggling law firm failed to make HMRC arrangement
Monday, 27 October 2014A 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.
Tags: financial management, HMRC
Posted in Finance, Latest news
Demystifying the banking process – what your bank looks for in your firm
Friday, 3 February 2012The 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
Tags: financial management
Posted in Features, Finance
Signs of recovery as smaller firms halt income slide and boost partner profits
Wednesday, 11 May 2011Smaller 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.
Tags: finances, financial management, Law Society
Posted in Finance, News
SRA to review approach to conveyancing, financial stability and international matters
Wednesday, 1 December 2010The 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.
Tags: conveyancing, financial management, international practice, overseas lawyers, Solicitors Regulation Authority
Posted in News, Solicitors
Ten of the best as SRA unveils four new core duties for slimmed-down code of conduct
Tuesday, 25 May 2010There 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.
Tags: Alternative business structures, financial management, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Law firms face financial management duty
Thursday, 18 February 2010There 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.
Tags: code of conduct, financial management, SRA
Posted in Indemnity insurance, Latest news, Practice Management, Regulation, Solicitors
Blog
Does the Lloyd review mark the end of the Legal Services Act?
The Legal Services Board often generates eye-rolls and irritation from the leaders of the frontline regulators it oversees and of the representative bodies attached to them.
A familiar story?
There is no doubt that the rising cost of clinical negligence claims deserves attention. However, the system’s true cost driver is often not the claim itself.
When AI becomes a line on the client’s bill
On 23 June, Legora changed how it charges. The platform announced that its most capable product was moving away from a flat per-seat licence fee to consumption-based pricing
