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Latest News

By Huw Nicholls

24th September 2025

New guidance on law firm obligations to protect client money should a bank collapse  

Earlier this year, The Law Society published a Practice Note on protection for client accounts. This is relevant for all solicitors who deal with client funds.  

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By Armstrong Watson

3rd September 2025

A guide to implementing EOS for law firm management and efficiency

Despite good intentions, many law firms struggle to manage their business effectively, as they lack an efficient management structure. The Entrepreneurial Operating System (EOS) can help embed consistent management and also ensures absolute accountability. 

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By Armstrong Watson

26th August 2025

Improving recruitment and retention of the best talent in legal firms

In the last five years, we have seen a significant shift in the ability of legal firms to recruit the best candidates. The Covid pandemic and Brexit changed a lot in terms of available candidates, but other shifts in generational priorities have also contributed to a very different playing field.

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By Armstrong Watson

14th August 2025

How can professional firms leverage client relationships to drive revenue growth?

Professional firms are fortunate in that they tend to have a bank of clients where, due to nature of the work undertaken, they’ve built a strong relationship, usually at a senior level. Assuming that all clients ‘belong’ to the firm rather any one individual fee-earner, then the possibilities for cross-selling and expanding services offers can be considerable.

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By James Fraser

11th August 2025

Is an Employee Ownership Trust right for your law firm

Succession planning remains one of the most critical decisions for owners of law firms, particularly those seeking to preserve their firm’s legacy, values, and workforce. As traditional exit routes face increasing tax burdens and external sale risks, Employee Ownership Trusts (EOTs) have emerged as a compelling alternative—offering a blend of financial efficiency, cultural continuity, and long-term stability.

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By Lindsey Cooper

2nd August 2025

Navigating and mitigating the financial risks for leaders of smaller UK law firms

Cash flow problems, financial difficulties, and business exit strategies are significant concerns for leaders of smaller law firms. Understanding the risks and knowing your options can help mitigate personal liability and ensure the best outcome for your firm, clients, and career.

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By Hayley Towlson

6th May 2025

Protect your law firm’s people 

By implementing measures such as key person insurance, shareholder agreements, and relevant life policies, you can secure your law firm’s operations, protect stakeholders, and maintain business stability and growth.

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By Armstrong Watson

30th April 2025

An interview with.... Martyn Kendrick, Lloyds Banking Group's UK Head of Legal and Professional Services

Andy Poole interviews Martyn Kendrick, UK Head of Legal and Professional Services at Lloyds Banking Group, to explore his thoughts on the current financial performance of law firms and partner capital funding.

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By Lindsey Cooper

5th April 2025

Antecedent transactions - what to be aware of if your law firm becomes insolvent

If a law firm is experiencing financial difficulties, and there is a possibility that it may have to enter into an insolvency process, it is vital to take professional advice from an insolvency practitioner as soon as possible. One specific area that will be covered by the insolvency practitioner is the concept of antecedent transactions.

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By Stephen Green

5th March 2025

6 things to look out for when undertaking financial due diligence on the acquisition of a law firm

While there may have been a time when financial due diligence was performed ‘in-house,’ it is now almost unheard of for a legal sector transaction not to have external financial due diligence. Here are 6 things to look out for when acquiring a law firm. 

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