Professional Services Firms: If They Want To Buy Us, Should We Sell? Ten-Minute Talk
July 12th, 2024 by Stuart Smith
In this second of our two-part series of Ten-Minute Talks, special guest Andy Poole (COO and Legal Sector Partner at Armstrong Watson), Corinne Staves and Zulon Begum (Partners at CM Murray LLP) explore strategies for professional services firms in responding to an offer from an acquirer. How do you assess if the price offered is fair? Should you negotiate it, and if so, how? How […]
What Do Next Generation Lawyers Want? We Asked Them: Ten-Minute Talk
July 10th, 2024 by Stuart Smith
Law firms want and need to attract and retain the best future talent. Law firm leaders rightly therefore devote time to considering how to do this, and how to appeal to those future lawyers. Firms often have to speculate about what the next generation of lawyers want. We have been lucky enough to be joined […]
SRA Warning Notice on Law Firm Mergers, Sales and Acquisitions: Ten-Minute Talk
June 28th, 2024 by Stuart Smith
In June 2024, the SRA issued a warning notice on law firm mergers, sales and acquisitions, seemingly in response to the fallout from the collapses of Axiom Ince and SSB. In this Ten-Minute Talk, Partners Corinne Staves, Zulon Begum and Andrew Pavlovic discuss the content and implications of this SRA Warning Notice, with a particular focus on how […]
SRA Workplace Culture Rules 12 months on: What are we seeing and what do recent cases tell us?
May 15th, 2024 by Stuart Smith
It has now been over 12 months since the SRA introduced rules into its Codes of Conduct relating to the treatment of colleagues. In this short video recording, our Managing Partner Clare Murray and Professional Discipline and Regulatory Partner Andrew Pavlovic: Re-cap the rules and the reason for their introduction; Consider how firms have sought to raise awareness […]
Professional Services Firms: Will They Buy Us, and How Much Will They Pay? Ten-Minute Talk
April 26th, 2024 by Stuart Smith
In this first in a two-part series of Ten-Minute Talks, special guest Andy Poole (COO and Legal Sector Partner at Armstrong Watson), Corinne Staves and Zulon Begum (Partners at CM Murray LLP) explore strategies for mergers and acquisitions in professional services firms. This discussion will be of particular interest to professional services firms, including founder led businesses, considering merger or sale as a means of […]
HMRC guidance on salaried member tax rules: What are the implications of these changes? Ten-Minute Talk
March 25th, 2024 by Stuart Smith
At the end of February HMRC updated its guidance on the salaried member tax rules. The changes focus on Condition C, in connection with which many firms have asked their fixed share partners to make substantial capital contributions. Many are worried that there may need to be a significant change in approach, particularly for fixed […]
Effective Integration of Lateral Hires in Law Firms: Ten-Minute Talk
January 29th, 2024 by Stuart Smith
In this Ten-Minute Talk, Partners Corinne Staves and Zulon Begum speak with legal recruitment expert Stephen Rodney, founder of IntoGreat Coaching, about how to ensure the effective integration of lateral partner hires in law firms. Key discussion points from this Ten-Minute Talk: How effective are lateral hires within law firms overall? Are firms and individuals getting it right and what improvements […]
Updating Your LLP Agreement to Prepare for Merger: Ten-Minute Talk
December 15th, 2023 by Stuart Smith
In this Ten-Minute Talk, Partner Zulon Begum and Managing Partner Clare Murray discuss LLP agreements, focusing on how firms should update their agreements in preparation for a merger. Key takeaways from this Ten-Minute Talk: The three common ‘gaps’ in LLP Agreements in relation to potential future mergers or transactions are usually (i) unachievable decision-making thresholds […]
Partner Remuneration & LLP Agreements: Updating Your Firm’s LLP Agreement to Reflect its Changing Partner Remuneration System: Ten-Minute Talk
November 21st, 2023 by Stuart Smith
In this Ten-Minute Talk, Managing Partner Clare Murray and Partner Zulon Begum discuss LLP agreements, with a particular focus on partner remuneration. Key takeaways from this Ten-Minute Talk: The importance of ensuring the firm’s partner remuneration system, metrics and procedures are clearly documented within the LLP Agreement and any associated policies and allow for a degree of flexibility to respond […]