Structure and insolvency
These are challenging times for legal practices …
The Legal Services Act promises to revolutionise the market, with new competitors, new ownership structures and new investors entering the market. Now more than ever, traditional legal practices must ensure they are both financially secure and compliant with changing regulations.
For some firms, this means embracing the changes of the Legal Services Act and exploring the potential benefits of the ABS. Our corporate team has advised a number of early adopters of this new structural flexibility, advising on ABS applications and the best structures to optimise their organisational capital, human resources, market channels and revenue flows.
But we don't just focus on the 'hot topics'. Our services are sought by existing management, outgoing partners, and finance firms alike, helping to guide them through these difficult times by offering a whole range of invaluable expert services.