Although the slowdown in business activity after 2007 left its mark on many legal firms, the sector has recovered and grew by 8% last year. The implications of Brexit may well help to drive demand, particularly once the detail of the changes become apparent. However, legal firms cannot rest easy. Innovation in services and service delivery will become a key differentiating factor, alternative business structures (ABS) may well become a source of competition, and there is a more concerted move towards fixed fees.
By combining our knowledge of the legal sector with our professional expertise, we provide practical solutions to help you manage change and provide you with your accounting, tax and business advisory needs.
Whether you’re a small, medium or large practice, we can help you with issues such as:
- Accountancy and audit
- Business tax planning and compliance
- Personal tax planning and financial planning
- VAT advice and registration
- Forensic accounting advice and evidence
- Strategic planning review
- LLP status
- Mergers and acquisition
- Compliance with the Solicitors Regulation Authority accounting guidelines
- Partner dispute resolution planning
- Succession planning
- Company share buybacks
- Cross-border structuring for set-up in the UK.
What sets us apart is our focus is on getting to know you, your objectives and priorities. We build close, personal, long-term relationships with our clients to become a trusted adviser you can always turn to for practical advice and solutions.
Through our membership of AGN international, a global association of separate and independent accounting and advisory businesses, our clients have access to local rules and practices across the globe.
We have worked with a number of clients in the legal sector including law firms specialising in family law, real estate, private wealth, technology, media and entertainment, sports, corporate and commercial as well as in the retail and healthcare sectors.