Case Studies

Case Study: Taking Your Team and Setting Up On Your Own

Armstrong Watson was engaged by a head of practice area who was keen to take his existing team and clients from his current multi-partner firm to create his own sole practice. We were therefore engaged to value his current position in isolation, negotiate an exit value, incorporate a new entity, register the new entity with the SRA, establish lines of financing with bankers and ultimately assist in the ongoing financial compliance of the new business (e.g. in respect to payroll requirements, HMRC etc.).

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Case Study: Company Bonus Scheme

Background

Over the last year we have been approached by a number of firms looking at how they can maximise the output of their people.  They were all considering how they reward their people can influence performance.

What was the issue?

The firms were all keen to reward their people but were concerned about the impact the structure of the reward could have on the culture and staff of the firm.

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Case Study: Law Practice Dispute Valuation

Our legal sector team has a great deal of experience of valuing practices for a variety of purposes including retirements; disposals; mergers; incorporations; restructuring; and increasingly with disputes. We also have experience of being appointed as a single joint expert witness to value practices where the owners are in dispute. However despite all of that experience, each valuation is bespoke and presents different challenges, especially with disputes.

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Case Study: Two Partner Law Firm

The Budget of 21 March 2012 didn’t hold too many changes for a two partner law firm in Yorkshire we have been working with for a number of years. Yes, the top rate of tax will be reduced from 50 pence in the pound to 45 pence from April 2013, but income in excess of £100,000 per annum will still see personal allowances removed, creating an effective tax charge of 60% on a proportion of income.

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