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Armstrong Watson can you decide upon the most effective operating structure for your law firm. That way you can ensure that your business structure compliments your business objectives and financial goals.
Following an initial face to face assessment meeting to understand your law firm, your objectives and priorities we will provide:
Armstrong Watson has helped over a hundred professional practices to amend their structure. This has included the use of more complicated hybrid group structures as well as limited company incorporations and LLP conversions. We have lectured nationally for MBL seminars on structure options and the tax changes brought about by the Finance Act 2014.
The provision of information to assist law firms to decide whether their current practising structure is best suited to their needs.
All law firms of all structures and sizes in all locations.
Partners attendance at the initial meeting, or selection of members and head of finance.
Initial meeting. Provision of notes on the implications of various structure options. Provision of estimated tax impacts of options based on a hypothetical law firm. Provision of a bespoke report of structure options for your law firm, outlining the anticipated taxation implications by partner (optional extra).
£875 plus VAT for the initial assessment meeting and summary notes and hypothetical estimates. Bespoke calculations on the anticipated taxation implications for the particular firm – usually in the range of £1,850 - £3,500 plus VAT with quotes provided on a case by case basis.
Andy's knowledge of the legal sector is phenomenal and his in-depth understanding of the issues being faced by lawyers at this time of unprecedented change is undoubtedly of huge help to his clients. He can identify ways of structuring a legal business so as to operate within the confines of a highly regulated environment but whilst making it more effective and more profitable. He is also personable and presents informative and engaging training sessions - which are not always qualities that can be attributed to accountants!
Natalie Saunders, Managing Director, Pharos Legal
To find out more about how we can help you or your business, contact one of our Legal Sector Specialists above.
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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 Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
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 No. 8800970. Registered office: 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 No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW