The Legal Profession continues to evolve with continued market consolidation, new emerging competition from the alternative business structures (ABS), decreased client legal panels on contract and an appetite for fixed fees.
At Shipleys LLP, we have helped many legal practices put their business on a solid footing to react positively to the present market pressures. We have an expert team who have a thorough understanding of legal firm businesses, how they work and their tax and accounting needs.
“Legal” SPECIALIST ADVICE AND SUPPORT TO HELP YOUR PRACTICE GROW
No matter whether you’re a small, medium or large practice, we can help you with issues such as:
Having an appropriate corporate structure for your practice – e.g. LLP, Limited Company or other structures
Compliance with the Solicitors Regulation Authority accounting guidelines
Rules on mixed-member partnerships
Tax planning and compliance – for the practice and individual Partners or Directors
Financial and strategic planning – for the practice and also individuals
VAT advice, support and compliance with Making Tax Digital
Advice on cash flow management, revenue and the financial implications of work in progress
Outsourced accounting, bookkeeping and payroll to augment your in-house systems
Audit
Forensic accounting advice and expert evidence
Mergers and acquisitions
Employee ownership trusts, succession planning, company share buybacks
Structuring cross-border for UK establishment
Partner dispute planning resolution
A VALUED PARTNER
What sets us apart is that our focus is on getting to know you, your priorities and objectives. We establish close, personal, long-term relationships with our clients in order to become an adviser you can count upon at all times for pragmatic counsel and solutions.
By being a member of AGN international, an international association of independent and separate accounting and advisory practices, our clients benefit from local laws and customs globally.
EXPERIENCE AND KNOWLEDGE
We have acted for many legal sector clients such as family law experts, real estate, corporate and commercial and private wealth – along with sector legal specialists in technology, media and entertainment, sport, retail and healthcare.
We also share latest thinking and developments affecting legal firms. For example, have a look at this clip from our recent Accounting Issues for Solicitor Practices webinar for Lexis Nexis.
FOR FURTHER INFORMATION
https://machinerylove.com/category/sectors/
If you’d like to learn more about our specialist services and expertise for legal firms, contact one of the team shown on this page.