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Trading Structure Review Services

Armstrong Watson can help you decide upon the most effective operating structure for your law firm. That way you can ensure that your business structure compliments your business objectives and financial goals.

Following an initial face to face assessment meeting to understand your law firm, your objectives and priorities we will provide:

  • Summary notes on the implications of various structure options.
  • A bespoke report on the most likely structure options for the particular law firm, outlining the anticipated taxation implications by partner. This part of the service is an optional extra.

Armstrong Watson has helped over a hundred professional practices to amend their structure. This has included the use of more complicated hybrid group structures as well as limited company incorporations and LLP conversions. We have lectured nationally for MBL seminars on structure options.

Contact our Legal Sector Partner, Andy Poole, on 07828 857830 or andy.poole@armstrongwatson.co.uk to discuss how we can help you.

  Read more about the benefits of appointing Armstrong Watson

What is it?

The provision of information to assist law firms to decide whether their current practising structure is best suited to their needs.

Who is it for?

All law firms of all structures and sizes in all UK locations.

What are the benefits for your firm?

  1. Reduction of risk
  2. Potential tax efficiencies
  3. Easing succession
  4. Retaining business flexibility

What do I have to do?

Partners attendance at the initial meeting, or selection of members and head of finance.

What are the deliverables?

Initial meeting. Provision of notes on the implications of various structure options. Provision of estimated tax impacts of options based on a hypothetical law firm as an optional extra, to outline the anticipated taxation implications by a partner.

What is the cost?

£2,500 plus VAT and disbursements for the initial assessment meeting including summary notes. The above is the fixed fee payable in advance cost option. All services will be provided remotely via video conferencing, however, options are available for face to face if required. Any subsequent advice and implementation will be quoted for separately and agreed with you in advance.

How long will it take?

Two weeks.

What our clients say

Your Key Contacts

Andy Poole

Corporate Finance Partner - Legal Sector

07828 857830

Email Andy

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

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Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.

Structure Reviews for Law Firms | Armstrong Watson

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