Latest News

What’s it worth?

I’m often instructed to value legal practices, whether that is part of advising on a merger/acquisition, restructuring, partnership dispute or retirement. Valuations have become increasingly important during the past couple of years, particularly as we have seen major changes within the ownership and trading structure of law firms. As we move forward into the post Legal Services Act era, and as external ownership of/investment in law firms is permitted, the valuation issues will become ever more important.

So you’ve been offered an Equity Partnership – but should you accept and how will you be taxed?

Armstrong Watson has a great deal of experience in helping and advising prospective equity partners on the implications of such an appointment and whether or not to accept the offer. We have recently been instructed to advise on a number of offers made to solicitors. Our advice covers the technical taxation implications and also the more commercial factors such as the deal being offered, the prospects for the firm and the individual and how to finance such an offer.

Becoming a Partner in a Law Firm: The implications of moving on from, or retiring from a Law Firm

I was interviewed recently by LawFirmAmbition about the most common questions surrounding the topic of becoming a partner in a law firm.

The questions below relate to becoming a partner and the implications of moving on from, or retiring from a Law Firm. You can read the answers to previous questions here: 

Becoming a Partner in a Law Firm: Is it Worth it?

Tom Blandford Celebrates Winning Yorkshire Accountant of the Year

There were celebrations all round at Armstrong Watson on Thursday evening after the firm’s Legal Sector Director, Tom Blandford was awarded the coveted title of ‘Yorkshire Accountant of the Year’.

The Yorkshire Accountancy Awards are held annually and celebrate the achievements and successes of the region’s best and brightest accountancy practitioners.

Becoming a Partner in a Law Firm: Skills and Responsibilities

I was interviewed recently by LawFirmAmbition about the most common questions surrounding the topic of becoming a partner in a law firm. The questions below focus on the necesary skills needed to be an effective partner as well as the levels of responsibility and obligations you may take on in your new role. You can read the answers to previous questions here: 

Becoming a Partner in a Law Firm: Capital Contributions

I was interviewed recently 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: 

Becoming a Partner in a Law Firm: Is it Worth it?

Becoming a Partner in a Law Firm: All About Finances

There's many questions to ask when considering becoming a partner in a law firm, especially about the financial aspects. How can I work out the financial returns? Are there risks? Andy Poole, Legal Sector Partner, answer some of those FAQs.

Can an audit really add value…?

A joined-up audit and advisory solution can increase the equity value of our business. 

Becoming a partner in a law firm: Is it worth it?

There's many questions to ask when considering becoming a partner in a law firm. Is it worth it? How can I improve my chances? Andy Poole, Legal Sector Partner, answer some of those FAQs.

SRA Accounts Rules compliance: Impact of Revised Rules

Legal Sector Director, Rosy Rourke, answers the most common questions around SRA Accounts Rules complaince and what impact the new rules might have.