Get free updates - subscribe to our monthly newsletter Subscribe
Armstrong Watson is delighted to announce the launch of the first publication by Andy Poole and Peter Scott, which is now available to buy from The Law Society Bookshop.
The Financial Stability Toolkit has been developed in response to increasing pressure being put on law firms to be run as successful businesses. Traditionally management reporting and KPI’s have not been the focus of many law firms, but in an increasingly competitive marketplace post-ABS, not having a financially stable firm is a very risky position to be in.
Samantha Barrass, former SRA Executive Director:
“Unlike the banks, failing law firms won’t be bailed out by the tax payer. Instead, any costly interventions necessary to safeguard clients will be met by all of you here today; firms run responsibly, diligently and effectively picking up the tab for those that aren’t”
A recent SRA report on financial stability said its engagement with firms found poor financial management that ranged from "naive to reckless". This toolkit will help firms to address those common financial issues facing many firms.
Earlier this year, The Law Society endorsed Armstrong Watson for the provision of accountancy services to law firms in the North of England.
Nigel Spencer, Chief of Commercial Affairs at The Law Society comments:
‘Throughout the endorsement process, we have been continually impressed with the quality and standards delivered.’
Andy Poole, Legal Sector Partner at Armstrong Watson runs regular Breakfast Briefing sessions across the North of England and South West Scotland covering many of the key learnings from the toolkit. To find out more, get in touch.
All content © 2015 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.
Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is 15 Victoria Place, Carlisle, CA1 1EW. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited.
Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.