Legal Profession

Setting Up and Managing a Legal Practice, 4th edition

Law Society Publishing June 2012

Specifications

ISBN-13
9781907698378
Publisher
Law Society Publishing
Publication
June 2012
Format
Paperback + CD-ROM , 320 pages
Jurisdiction
International ? Countri(es) for reference only

Details

This bestselling guide is for solicitors considering starting a small practice and those alreadyrunning a practice and looking for ways of improving performance.

The first part of the book deals with starting up in business, from deciding the legal constitutionof the practice to finance and advertising. The second part covers the ongoing managementof the practice, including a dedicated chapter on marketing and how to manage the growthof the firm.

Informed by the author's extensive experience, Setting Up and Managing a Legal Practice hasbeen fully updated to take account of:

  • the introduction of outcomes-focused regulation
  • new business vehicles including alternative business structures (ABSs)
  • technological innovations such as cloud computing
  • ongoing legal and regulatory developments such as the Bribery Act 2010.

The book contains a new chapter which looks in detail at exit strategies and also containsa specimen contract of sale.

The appendices are reproduced on the accompanying FREE CD-ROM. These include specimendocuments for easy and fast customisation, saving you time and money.

Table of Contents

Part 1 - Setting up your practice 1. Setting up - the first steps; 
2. Where to locate; 
3. Finance;
4. Professional indemnity cover and insurance; 
5. Tools of the trade; 
6. Advertising; 
7. Puttingin systems; 
8. VAT and tax considerations; 
9. Starting to trade; 
10. Holidays and staffingrequirements;
11. Developing management skills; 
12. Regulatory bodies and legislation; 
Part 2- Keeping going: How to manage the small practice; 
13. Periodic reviews;
14. Cornerstones forfuture success; 
15. Preventative medicine; 
16. How to structure the firm?; 
17. Managing growth;
18. Recruiting and retraining staff and avoiding problems; 
19. Marketing your practice; 
20. Exitstrategies; 
21. Good luck!; 
Appendices.

About the Author

Martin Smith set up his own practice, Martin Smith & Co, in 1988. He has handled many highprofile cases and appeared on radio and television many times.

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