Facilitating partner conference

We regularly facilitate partner retreats/conferences for law firms.  These are usually a full day strategic session to include workshops and breakout sessions, all ultimately with the intention of bringing partnerships closer together to achieve their strategic aims.

Topics covered can vary including goal setting, strategic reviews, ultimate objectives, exit planning, growth, lock up reduction, profit maximisation etc.

Profit share review

Profit share seems to be a particular hot topic for law firms at present, with many reviewing whether their profit share mechanism is appropriate.  Most are considering whether it is fair; whether it is in line with competitors/the market; whether it encourages the right behaviours; and whether it helps to attract and retain the best people.

Tax Consultancy Review Results in £25,000 Refund

Often a simple tax consultancy overview can result in huge potential benefits to our clients, as was the case with the example below:

We received a telephone call from the daughter of an ex-client.  Sadly her mother had passed away recently, and she was collating paperwork for the solicitor acting for her mother’s estate.

Governance and profit share review

Governance and profit share seem to be particular hot topics for law firms at present, with many reviewing whether their approaches are appropriate.  Most are considering whether they are fair; whether they are in line with competitors/the market; whether they encourage the right behaviours; and whether they help to attract and retain the best people.

When “Big Law LLP” comes calling – a niche law firm acquisition

Armstrong Watson was engaged by a significant niche firm who were being purchased outright by a large global player in order to create a fully formed specialist team within the significantly larger practice. We were therefore engaged to value the smaller practice, to negotiate heads of terms, to comment on the taxation aspects of the deal and to perform the “reverse due diligence” on the acquirer.

Partnership with Capitalise helps client achieve significant and timely cashflow benefits

Background

VWG Mechanical Limited is a mechanical engineering contractor and the Dooling family have been long standing clients of Armstrong Watson.

Bruce & Luke’s, Carlisle

Bruce Brown and Luke Jackson are an entrepreneurial duo from Carlisle whose self-named brand ‘Bruce and Luke’s’ includes Foxes Café, Bruce and Luke’s Coffee Supply and Maintenance, Bruce and Luke’s Donuts and the recently  acquired coffee house Coffee Genius.

The pair’s journey into business ownership began in 2011 when, keen to be their ‘own bosses’, they seized the opportunity to take over a popular local café, Foxes, when the lease became available.

Museums and Galleries Exhibition Tax Relief

We recently assisted a Yorkshire-based museum with their first Museums and Galleries Exhibition Tax Relief claim for a temporary exhibition imported from Canada.

As the exhibition was hired from outside the EEA and this was a significant proportion of the exhibition costs, the client was unsure if the exhibition would qualify for the relief. We were able to review all of the expenditure associated with producing the exhibition and found that there were sufficient costs incurred in the EEA to make a claim.

Public Sector Policy Dispute - Ongoing Litigation

An organisation provided a service to people in the care of a local authority.

The organisation took out an insurance policy to cover litigation costs in circumstances where there was a significant threat to the viability of the company.   

When the local authority threatened to withdraw all its operations from the client, a process of litigation, paid for by the insurance policy, was started.

Claims Management Company Contract Dispute - £200,000+

An entrepreneur sold her claims management business for a sum to be paid in stages over a three-year period, with the consideration linked to the performance of the business and a share of future value upon a sale within a defined period.  During the deferred period, the seller was retained as a consultant by the purchaser.