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Latest News

suvey and pen

By Becky Fraser

15th December 2025

LLP Salaried Member Rules

HMRC has recently issued surveys in collaboration with IFF Research, to randomly selected LLP members, regarding the taxation of Limited Liability Partnerships (LLPs).

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By Andy Poole

9th December 2025

Becoming a Partner in a Law Firm: Skills and Responsibilities

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 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: 

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Time for Change on road into the sunset

By Andy Poole

9th December 2025

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

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

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pile-of-one-pound-coins

By Andy Poole

9th December 2025

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.

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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 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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