7 Funding Options Your Law Firm Could Consider

As first appeared on the Law Society’s Small Firms Division website 

An important consideration for all businesses in planning their growth, and managing cash flow in the process, is what, if any, suitable funding can assist them.

What sources of funding are available for law firms, and how readily available are they? Andy Preece, commercial funding director at Armstrong Watson LLP, lists seven options your firm could consider.

The benefits of engaging with an external party to provide the equivalent of a finance director function for your law firm

What are the benefits of engaging with an external party to provide the equivalent of a finance director function for your law firm?

Administrators Appointed over Escubed Limited

On Tuesday 19 June 2018, Escubed Limited was placed into Administration and Rob Adamson and Mark Ranson, Insolvency Practitioners at Armstrong Watson LLP, were appointed as Joint Administrators.

The Company provided research and development services in material and powder technology across a wide range of sectors from premises in Wetherby, North Yorkshire. The Company ceased trading prior to the appointment and regrettably all employees were made redundant.

Lead Administrator, Rob Adamson of Armstrong Watson LLP said:

Business Owners and Leaders Forum - Keeping Your Business Relevant: Innovation and Change

Our second in the series of breakfast events took place at Carlisle Racecourse on 14th June with speakers David Brass, Chief Executive of The Lakes Free Range Eggs Company, Professor Malcolm Franklin, Managing Director of AGMA Ltd and Frank Peck, Research Director for Centre for Regional Economic Development and University of Cumbria.

Making Life Easier for Your Customers: The Value of Customer Satisfaction

Ensuring that your customers' needs are met and that they are satisfied is invaluable for the success of your business. Nick Palmer, Strategic Business Advisor for Armsrong Watson, highlights the need to ask your customers for feedback in order to improve customer satisfaction.

Is the Legal Sector Prepared for the Challenges Ahead?

It's not only the reatil industry feeling the pinch at the moment with recent failures in the sector, but the Legal Sector is feeling the effects of the downturn in spending. The Insolvency Service has confirmed that more than twice the number of firms offering legal services were declared insolvent in the first quarter of 2018, when compared to the same period in 2017. Heather Bamforth, Insolvency Manager, talks through the challenges facing the Legal Sector. 

What is a trust and why do you need one?

What is a trust and do you need one? Emily Harrison, Tax Consultant, explains all about what a trust is, what they can be used for and the different reasons for having them.

What happens if you breach the Lifetime Allowance limit?

Are you aware of the Lifetime Allowance on pension, and what can happen if you breach it? Matthew Slessor, Financial Planning Consultant, fills you in with everything you need to know to get your finances in check for the future. 

Are Charities missing out on accessing the highest interest rates possible?

Recent research has found that 85% of UK charities are missing out on funds that could help them progress further in their efforts and carry out more of their vital work. Are you sure you are taking advantage of the high interest rates available to you?