- Friday, 23 September 2011
A “transfer market” of law firm chief executives should emerge in the post-Legal Services Act world, Professor Stephen Mayson has predicted, especially if lenders and investors insist on appointing their own choice of management team as a condition of their financial support.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, head of finance and administration, head of legal practice, HoFA
Posted in Alternative business structures, News
Since abolition of the common renewal date, practices have been free to choose when to renew their professional indemnity insurance. We estimate that around 30-40% now renew between March and April.
Selling a law firm can be a complex process. The time comes when you might want to move on or retire, and finally extract as much value as you can from your practice. It’s a huge decision and a challenging task.