ECOVIS London

Specialisms

Legal Practices

Our dedicated team have over 15 years experience of acting for legal practices ranging from 2 to 20 partners. We offer the following strategic and compliance services to new and established practices:


Strategic services
Strategic Advice
We acknowledge that partnerships experience change. At such times we can assist you with the following:

• Business reviews and strategies for profit improvement
  
• Benchmarking
  
• Succession planning
  
• Remuneration planning for partners and staff
  
• Consideration of incorporation as a limited liability partnership
  
• Identification of potential merger opportunities and assistance with the process
  

Strategic Alliances
We have strong working relationships with banks, financial planning and insurance advisors to assist you in securing the following:

• Partnership finance including finance for Professional Indemnity Insurance (PII) and equity partner loans
  
• Financial planning including pension planning
  
• Insurances including PII and office insurances
  

Management Information Services
We understand the importance of timely and accurate management information for you to monitor and manage your business. We provide the following services:

• Preparation of monthly management accounts
  
• Attendance at partners' meetings to discuss financial performance
  
• Preparation of annual accounts for profit share and tax calculations
  
• Preparation of and monitoring of forecasts and cash flow projections
  
• Advising on management of working capital
  

Compliance Services
Tax
We provide compliance and advisory services including:

• Partnership tax returns
  
• Personal tax returns for partners and spouses
  
• Personal tax health checks
  
  

Solicitors’ Accounts Rules
We recognise that compliance with the Rules is paramount to your ongoing business. We will:

• Assist you with the interpretation and application of the Rules using our extensive knowledge and experience
  
• Advise you of any changes to the Rules and their impact
  
• Undertake the annual examination and preparation of the Report
  
• Review your systems and make recommendations
  

Training
We take our responsibilities in respect of the Solicitors’ Accounts Rules seriously. This is demonstrated by the following:

• Regular attendance at external technical courses and internal workshops
  
• Dedicated fully trained team
  
• Regular communications with the Law Society and our Institute
  

Our own experience
As part of a partnership ourselves we will have experienced many of the issues affecting you and can advise and support you from a practical point of view.


Please contact Kathryn Moran if you would like to discuss the services we can offer your practice.