Legal Plus

Dealing with solicitors and barristers is a specialism in its own right.  This is why we have two Lexcel accredited professionals who head up our services for lawyers.

Lawyers need advisers who understand their business.  This means accountants who truly understand how partnerships work, and why they sometimes don’t.  Accountants who ask the detailed questions which get to the meat of the strategic objectives of the business.  We are used to dealing with the requirements of partnerships, assisting firms to develop and implement business plans.  We bring IT skills to firms to allow them to run their business more effectively.  Our tax specialists assist lawyers to maximise their returns over their working life.  We even support lawyers to develop their own practices, by offering trust and estate accounting and wealth management.

Recent engagements include:

• Advising on mergers/takeovers of firms;
• Property acquisition, on or off balance sheet, or through pension arrangements;
• Establishing pensions to hold properties;
• Exiting partners;
• New equity partners;
• Revaluation of goodwill;
• Implementing accounting system to deal with UITF 40 issues, and to manage WIP more effectively
• Partnership agreements;
• Facilitating strategy sessions for firms;
• Advice on running cars through or outside firms

As you can see, we understand legal businesses.