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Exit Strategies Toolkit

Exit Strategies Toolkit

  • Author:
  • Publisher: Law Society Publishing
  • ISBN: 9781784460730
  • Published In: April 2018
  • Format: Paperback + CD-ROM
  • Jurisdiction: U.K. ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 750.00

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  • Description 
  • Contents 
  • Details

    Every year firms close for a variety of reasons, including sale or merger, but what happens if you haven't prepared to exit the market?

    The Solicitors Regulation Authority (SRA) has stressed the need for firms to have an exit strategy in place to prepare for this eventuality, meet regulatory requirements and good practice standards, and avoid potential fines.

    The Exit Strategies Toolkit contains a mixture of commentary, procedural checklists, such as a notification checklist, draft policies and precedents, including sample letters to PI insurers and the SRA, to help you to prepare for this eventuality.

  • 1. Introduction
    2. Types of exit
    3. Planning your exit
    4. SRA regulatory issues if you are closing your firm
    5. New SRA Handbook
    6. SRA Accounts Rules
    7. Documents and records
    8. Specific considerations for different types of practices
    9. Insolvency
    10. Notifying relevant parties
    11. Moving to another regulator or ceasing to be a regulated practice
    12. Professional Indemnity Insurance
    13. Life after an exit event - options and regulatory considerations
    14. List of SRA rules and regulations referred to in the toolkit
    15. Further sources of information

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