Legal practices, barristers and legal executives all have specific needs in terms of compliance work.
Whether you are a sole practitioner or a multi-partner firm, Smailes Goldie has the expertise and understanding of all financial matters relating to the legal profession, including:
- Compliance services
- Solicitors’ Accounts Rule audits
- Preparing annual accounts
- Tax advice for both firms and/or partners
- Advising on LLP status
The Legal Services Act 2007 has changed the way legal services are being delivered and so it is more important than ever to seek advice from specialist advisors. As UK200Group members we can help you build strong businesses by taking advantage of all opportunities on offer. We can guide you through the complexities of Alternative Business Structures (ABSs), which is seeing major changes to the ownership of law firms and their funding. Our expert knowledge of the Solicitors Regulation Authority (SRA) rules also ensures that stringent requirements are maintained.
Our legal services team is headed up by our partner, Mark Sharpley, who specialises in helping law firms and is currently Chairman of the UK200 Legal Group.
The team also delivers the UK200, Law Society, CPD accredited, 3 hour Profit Improvement Programme for Solicitors (PIPS) which helps improve overall practice management and profitability. This targeted seminar helps solicitors concentrate on profit streams, improve billing procedures, reduce debt and strategically evaluate how to grow the business.
A key component of PIPS is the ProfitWatch© practice analyst tool, for which we are accredited trainers. ProfitWatch is a piece of software specifically designed by the UK200Group for modern legal businesses and solicitors, which gives reliable forecasts of future cash flow to help with strategic planning.