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:
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 and the tax changes brought about by the Finance Act 2014.
The provision of information to assist law firms to decide whether their current practising structure is best suited to their needs.
All law firms of all structures and sizes in all locations.
Partners attendance at the initial meeting, or selection of members and head of finance.
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, provision of a bespoke report of structure options for your law firm to outline the anticipated taxation implications by a partner.
£1,250 plus VAT and disbursements for the initial assessment meeting including summary notes and hypothetical tax estimates. The above is the fixed fee payable in advance cost option. Bespoke calculations on the anticipated taxation implications for the particular firm – pricing options provided on a case by case basis. All services will be provided remotely via video conferencing, however, options are available for face to face if required.
Andy's knowledge of the legal sector is phenomenal and his in-depth understanding of the issues being faced by lawyers at this time of unprecedented change is undoubtedly of huge help to his clients. He can identify ways of structuring a legal business so as to operate within the confines of a highly regulated environment but whilst making it more effective and more profitable. He is also personable and presents informative and engaging training sessions - which are not always qualities that can be attributed to accountants!
Natalie Saunders, Managing Director, Pharos Legal