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By Andy Poole

9th December 2025

Becoming a Partner in a Law Firm: Capital Contributions

I was interviewed by LawFirmAmbition about the most common questions surrounding the topic of becoming a partner in a law firm. The questions below focus on the capital you are asked to contribute and what is expected of you as a partner. You can read the answers to previous questions here.

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By Sally Jones

27th November 2025

Bank interest and partial exemption – A new VAT risk for law firms?

Recent increases in interest rates have led many professional services firms to earn more interest on client funds held in deposit accounts. As bank interest may be treated as a VAT-exempt supply, law firms and other businesses with significant interest income should assess whether this additional income affects their ability to recover VAT on overhead costs under the partial exemption rules.

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By Justin Rourke

19th November 2025

Why law firms should invest in employee benefits to attract and retain top talent

In the legal sector, where expertise, reliability, and continuity are paramount, attracting and retaining the right people is critical to a firm’s success. While competitive salaries remain important, they’re no longer enough on their own. Today’s legal professionals are looking for employers who offer security, wellbeing, and long-term value—and law firms should prioritise improving their employee benefits to attract and retain top talent. Improving recruitment and retention of the best talent in legal firms

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By Huw Nicholls

28th October 2025

LLP partners face uncertainty amid speculation of Budget tax hike

There is increasing speculation that Rachel Reeves intends to impose a new charge on LLPs when her Budget is delivered on 26 November 2025. According to The Times, this would be slightly lower than the 15% rate of employers' National Insurance.

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By Huw Nicholls

23rd October 2025

The Law Society issues Practice Note on residual client balances 

The Law Society has published a practice note setting out the requirements and practical guidance for dealing with residual client balances. Here are the steps law firms can take to ensure compliance. 

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By Armstrong Watson

8th October 2025

How much is my law firm worth?

One of the biggest questions when you are looking to buy or sell a law firm is ‘what is it worth?’ Whether you are selling due to retirement or buying a firm to allow you to expand and grow, valuation is often the key point for consideration.

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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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