Partners’ financial roadmap: Understanding the funding of partners’ capital

Traditional partnership or LLP Your capital contribution is a significant investment in your professional future, which should be treated as any other investment; you need to believe in the strategy and ethos you are buying in to and expect a return on your investment. Joining a professional partnership is a large financial commitment, but the […]

Understanding partnerships: Employment status for partners – employed v self-employed

Depending on the structure of the firm, employment status can be a contentious issue, especially for junior partners who do not always have a guaranteed profit share and may have minimal voting rights. Partners need to satisfy at least one of three tests below to prove they are true partners in a business, and retain the […]

Great migration: How Converge TS support law firm growth and strategy

Metamorph Law has enjoyed significant growth in its first two years of business life – with everything up, from acquisitions and geographic expansion to headcount. The firm focuses on acquiring and merging with high-street law firms that concentrate on private client work, in England and Wales. Michael McGuire, head of IT at Metamorph Law, knows […]

Five signs it’s time to upgrade your practice management system

Upgrading a practice management system is a big decision for any law firm. Existing IT systems have often been adapted over many years to fit working practices, staff feel comfortable using them, and there’s always concern that a new practice management system will disrupt day to day business. Also, if the current system isn’t ‘broken’, […]

Becoming a partner: understand legal partnership better with MHA MacIntyre Hudson’s explainer

Congratulations on your admission to partnership. If you have not already, get ready to receive your P45; it’s probably the only time in your career when promotion results in the termination of employment! Becoming a partner shouldn’t be the pinnacle of your career aspirations; it is the start of the next chapter of your professional […]

Are you yet to receive a professional indemnity insurance renewal quotation?

After the high profile exit of Libra Managers, a Lloyd’s backed Managing General Agent (MGA), last month from the solicitor’s professional indemnity insurance market, questions are being asked as to the sustainability of the current professional indemnity market for law firms. Lloyd’s of London have begun an in depth review into its appetite for risk […]

Are electronic signatures valid?

So, you’ve got a document you need signed by two separate parties. These parties could be opposite sides of the country or even the world! What do you do? Do you send it in the post to one party, wait for them to sign it and return it to you to send on to the […]

LPM September 2018 – Table plans

Download your FREE copy now   This month:This month, LPM magazine finds out what it takes to get your voice heard at board level. Special supplement: Tech in – LPM teams up with Converge TS to dive into how clients are driving SME law firms to build better connections with technology. Feature: Staff writer Charlotte Bastiaanse takes a […]

The roadmap to your financial future: MHA MacIntyre Hudson’s partners’ financial planning guide

Our guide to your financial future has been developed by leading specialists at MHA MacIntyre Hudson, for partners at all stages of their life as a business owner, concerned with understanding the financial and legal obligations of partnership, whilst managing both their day-to-day finances and long term strategic financial planning. The guide is intended to […]

Three ways that hyperconverged infrastructure can transform law firm IT: HBR Consulting’s whitepaper

Introduction Law firm IT professionals are under rising pressure to spend less time and money on the firm’s infrastructure and more of those valuable resources on specific technology applications that drive value to the business. Unfortunately, the current infrastructure options available to law firms make that change difficult because they are complex, siloed and costly […]