Legal Sector partner, Andy Poole explains what the implications will be, for law firms, if interest rates become negative, particularly in relation to the client money held.
As specialist advisors to the legal sector, we have helped many firms to start practising. In the last three editions, I covered the top considerations that individuals should take into account in starting a new law firm; the importance of planning; the business structure of the firm; and tax considerations. In this edition, I look into the application/recognition process with the SRA.
A combination of the COVID-19 pandemic, uncertainty around the outcome of Brexit negotiations, a potential recession and an already hardened PII market in 2019 could make this one of the most challenging years for solicitors since the move to open the market in 2000.
The Legal Sector Leadership Team, Andy, Tom and Rosy give their views on the impact Covid-19 is having on law firms and discuss what firms should be doing now and what the future may hold for them.
Andy Poole interviews Jon Davies, Vice President at Travelers about his pivotal role in the Law Society’s switch from the Solicitors Indemnity Fund to open market insurance 20 years ago.
Armstrong Watson was delighted to host a webinar on the above topic recently including our Guests Andrew Roberts (Chairman, Association of Law Firm Merger Advisers) and Mark Briegal (M&A lawyer, Bennet Briegal).