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By Elaine Wilcox

15th November 2023

How law firms can avoid financial distress

There are several ways a law firm can find itself in financial distress. Knowing how a firm might fail and how this can be avoided will ensure you identify issues and take appropriate action to improve your business’s financial performance.

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By Andy Poole

28th September 2023

5 things to consider when selling your law firm

If you are looking to sell your law firm, here are five considerations to help you generate the best result and avoid issues along the way.  

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By Sharon Carr

21st September 2023

Non-lawyer law firm ownership: ABSs to be introduced in Scotland

Since early 2012, ABS (Alternative Business Structure) licences have been granted by the Solicitors Regulatory Authority in England and Wales. Nearly 12 years later, the introduction of a similar relaxation in Scotland may be about to happen later this year.

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By Armstrong Watson

29th August 2023

Will changes to financial reporting affect the value of my business?

The value of your business could be significantly impacted as a result of proposed changes to accounting standards.

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By Armstrong Watson

27th July 2023

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 Justin Rourke

22nd June 2023

How to get a long term return from a sale of your law firm

Selling your Law Firm will be one of the biggest decisions you ever make. Once you have reached that point you are moving into a new phase where the asset that produced your income may now be providing you with a lump sum of capital (or a series of lump sums).

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signing a contract

By Huw Nicholls

24th March 2023

FRS 102 – what are the proposed changes?

FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland is evolving. The changes on the horizon are likely to be significant.

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By Armstrong Watson

7th March 2023

Armstrong Watson responds to SRA consultation on proposed amendments to Standards & Regulations

Armstrong Watson works in partnership with the Law Society for the provision of accountancy services to law firms in England & Wales and has responded to a consultation on proposed changes to the Solicitors Regulation Authority Accounts Rules (SRAAR). 

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By Armstrong Watson

8th December 2022

Armstrong Watson helps to secure future of longstanding Cumbrian law firm

Legal Sector Partner Andy Poole and his team supported Bleasdale & Co by arranging and securing an acquisition of the business by Bendles Solicitors, another local law firm which covers similar areas of law.

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two business partners shaking hands

By Andy Poole

15th November 2022

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.

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