Legal Services Act 2007 Guide -
How can we help your firm?
As Chartered Accountants and Business Advisors, there are
several ways in which we could help your law firm with the new
Legal Services Act 2007 from 6th October.
It is important to note that, whilst the new law could pose
increased competition and risk in your workplace, there are also
many opportunities for law firms should they use the new
legislation to their advantage.
As business advisors, our knowledgeable and experienced legal
accounting specialists can help you and your fellow partners to
identify strengths, weaknesses, opportunities and threats in
relation to internal risk (such as the new Accounts rules
requirements) and external competition (Alternative Business
Structures) which may arise with the new Legal Services Act.
You can offer much more
than a commodity product.
In relation to the new solicitors' Accounts rules, we can offer
you a no obligation test visit to ensure that you are complying
with the new rules. If it is discovered that you are at risk of
failing to comply with the new legislation, we can undertake a
detailed SAR audit for you.
As a firm, you may decide to take advantage of the new Alternative
Business Structures (ABS) arrangements. We can help you in the
application process should you decide to license an ABS.
Mitchell Charlesworth has a wealth of experience with regard to
SAR assignments and incorporating partnerships and LLPs alike. If
you would like a free no obligation discussion with regards to any
of the changes under the new Legal Services Act, please contact
Mike Buxton on tel: 0151 255 2300
or email mike.buxton@mitchellcharlesworth.co.uk.