Preparation of a business plan for law firms or departments

Armstrong Watson's Legal Sector specialists prepare business plans for law firms that enable them to understand their business better and make informed decisions about clients, service lines, marketing, recruitment and almost every aspect of their business.

We prepare business plans to help law firms with:

  • Managing their business
  • Improving their business
  • Determining whether to further invest in certain areas of their business
  • Obtaining finance
  • Lexcel
  • Setting targets for key people within their business
  • Submission to the SRA with applications to convert to a limited company or LLP or ABS.

We can prepare business plans for entire law firms or individual departments within a firm. Our business plans include specific action points and objectives but do not include the preparation of financial forecasts. Financial forecasts to complement the plan can be prepared at the same time for an additional cost.

Contact our Legal Sector Partner, Andy Poole, on 07828 857830 or to discuss how we can help you.

  Read more about the benefits of appointing Armstrong Watson

What is it?

Preparation of a bespoke business plan including specific action points and objectives.

Who is it for?

This service will benefit all law firms of any size in all locations.

What are the benefits for your firm?

  1. You will know where you are
  2. You will know where you should be heading
  3. You will know how to get there
  4. You will improve your opportunity of achieving your objectives

What do I have to do?

You will need to provide information requested by us. Pre-agreed partners and staff will need to attend meetings and interviews.

What are the deliverables?

Discovery meeting. On-site interviews. Presentation of draft plan. Issue of final business plan.

What is the cost?

From £5,390 to £10,790 plus travel costs and VAT. Dependent on the size and complexity of the firm. Bespoke costs agreed for specific departments within law firms.

How long will it take?

One month.

Our experience

Armstrong Watson prepares a vast number of business plans for clients for a variety of reasons.

Your Key Contacts

Andy Poole

Corporate Finance Partner - Legal Sector

07828 857830

Email Andy

Sally Jones

Accounting Director

Email Sally