Following today’s Budget (15/03/2023), we have put together the top 5 takeaways for professional services firms from a legal and practical perspective. Headline corporation tax increasing to 25%. Low corporation tax rates have been cited as a reason for professional firms choosing a company structure over an LLP. This higher tax rate shifts this balance. Firms […]
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Key Considerations for a Successful Law Firm Merger – Part 2: People Issues
February 27th, 2023 by Stuart Smith
The primary assets (and therefore value) of a law firm (knowledge, experience and reputation) are usually inextricably linked with its people (both partners and employees). ‘People’ will usually be at the heart of any merger and it is vital that firms have a clear strategy and plan to deal with issues relating to their partners […]
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Law Firm Demergers: Issues to Consider
February 16th, 2023 by Stuart Smith
Zulon Begum, Partner, and non-contentious partnership law specialist, has authored a practice note for the Practical Law Company’s new Practice Compliance and Management resource hub. The practice note is essential reading for senior managers of law firms that are regulated by the Solicitors Regulation Authority (SRA) in England and Wales and who may be considering demerging or divesting parts of […]
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In Praise of Partnership: How Effective is the LLP Structure to Support Growth & Governance in Professional Services Firms? – Ten-Minute Talk
February 9th, 2023 by Stuart Smith

There has been much talk over recent years about the demise of the partnership model and whether it remains fit for purpose for professional services firms. Our partners Clare Murray, Zulon Begum and Corinne Staves discuss whether such proclamations are premature and debunk some myths about partnerships and LLPs, including those below, in this Ten(-ish) Minute Talk ‘In Praise Of Partnership’. […]
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Success for CM Murray LLP with Chambers and Partners UK 2023 Results
October 20th, 2022 by Stuart Smith
CM Murray LLP is delighted to announce our rankings in the newly published Chambers and Partners UK 2023. Partnership: Band 1 What the team is known for: CM Murray offers extensive expert coverage of partnership matters, with particular emphasis on contentious work. The firm’s key strengths are in the legal and financial services sectors, with […]
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Key Considerations for a Successful Law Firm Merger – Part 1: Regulatory Considerations
October 10th, 2022 by Stuart Smith
Failure to consider regulatory issues at an early stage when mulling a merger can result in fundamental SRA Principles and Rules relating to confidentiality and conflicts of interest being infringed, leading to potential SRA investigations and disciplinary sanctions. In this article, first published by The Law Society Gazette, regulatory and professional discipline Partner, Andrew Pavlovic, […]
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Managing Leadership Transition in Professional Practices – the Lessons from Politics – Ten-Minute Talk
August 5th, 2022 by Stuart Smith

As the Conservative Party leadership race draws closer to a conclusion, we are delighted to share with you the latest episode of our Ten-Minute Talk video series, with special guest Dr Henry Marsden, Managing Partner of Professional Services Firms International, where we discuss the often fraught issues involved with leadership transition in professional services firms, and the parallels and lessons […]
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“Should we merge?” A discussion on whether, when and how to merge with another firm – Part 2: Professional Practices Alliance Webinar Recording
July 18th, 2022 by Stuart Smith

We are delighted to share the webinar recording of part 2 in the Professional Practices Alliance webinar series, ‘”Should we merge?”, a discussion on whether, when and how to merge with another firm, in which an expert panel explores how firms should plan and prepare for a merger. Please see below for full details. In this […]
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“Should we merge?” A Discussion on whether, when and how to merge with another firm – Professional Practices Alliance Webinar Recording
July 8th, 2022 by Stuart Smith

We are delighted to share the webinar recording of “Should we merge?” A discussion on whether, when and how to merge with another firm in which an expert panel of Professional Practices Alliance members explore how firms should plan and prepare for a merger.
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Partner Performance Management and Remuneration Systems: Under-Rewarded High-Flyers and Over-Rewarded Under-Performers – Professional Practices Alliance Webinar Recording
May 23rd, 2022 by Stuart Smith

In the first webinar of the Professional Practices Alliance Growth Strategy Webinar series, Chair Zulon Begum, (CM Murray LLP) and expert panel, Beth Hale (CM Murray LLP), David Shufflebotham (Pep Up Consulting) and Corinne Staves, (Maurice Turnor Gardner LLP), share their experiences and top tips for dealing with under-rewarded high flyers and over-rewarded under performers.
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