Record numbers of law firms appoint Armstrong Watson to support them in facing the key challenges and changes in the market

Record numbers of law firms appoint Armstrong Watson to support them in facing the key challenges and changes in the market.

The legal sector is currently facing some of its biggest challenges following a raft of reforms in the market. 

Developments such as Legal Aid reform, personal injury reform and the Legal Services Act, coupled with a move to fixed fees from time based billing, sees many law firms grappling with how to respond to the changes and the specific challenges they throw up.

Remaining compliant, responding to the changes and being fit for purpose for the future are just some of things law firms need to consider.

Armstrong Watson, a leading firm of accountants and business advisers is helping to support law firms in these demanding times and though its specialist legal sector team’s expertise, is helping firms rise to the challenges.

With an unprecedented 18 law firms choosing to partner with the firm in the last three months alone, it is clear that there is great demand for the specialist knowledge and advice which is on offer.

Andy Poole, Legal Sector Partner comments:
‘We’ve recently been engaged by a record number of law firms throughout the North of England to help with the plethora of issues being faced by the legal sector.

We have seen some key issues come up time and time again such as succession planning; profit maximisation; cash flow improvement; mergers; and changing the legal structures of law firms.

Our demonstrable expertise on the sector means we’re able to support law firms through the specific challenges they face, with a greater depth and understanding.  The legal sector team is working hard to ensure that even though our provision to the legal sector is rapidly growing, the service level remains exceptionally high.’

Recent feedback from new law firm clients has included that “their knowledge of the legal sector is phenomenal” and “their management of the handover of responsibilities from our previous accountants was very smooth and constructive and they are very keen to help to improve our business”.

Armstrong Watson’s current client base covers the whole of the UK, predominantly from their 15 offices in the North of England.  They are the only professional services firm to be endorsed by The Law Society for their provision of accountancy services to law firms in the North of England.

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