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
Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
Reports
Associates
