Legal Mentors. Support for solicitors

Advice and Support for Solicitors

Legal Mentors assist Lawyers to take advantage of the increasingly competitive market for Legal Services. Whether it is because of impending de-regulation or just a desire to go for growth, Legal Firms are moving rapidly towards a more commercial approach to managing their practice. Legal Firms rely on the team at Legal Mentors to guide them through the process of creating a new Vision for their practice; linking goals and activities to that Vision, to gain the buy-in of all staff and finally, to ensure that the intended progress is made.

Succession, Reward and Exit Plan
A Partners’ in-house Workshop

Plan for your future and minimise the risk of business disruption and financial problems when Partners leave or retire.

Many firms of solicitors have partners approaching retirement but have no effective plan to deal with this change to the Practice structure. Do you have a clear plan to help you cope when change occurs or are you just hoping a solution will emerge without too much ‘bloodshed’?

This workshop helps you consider:

Succession – identify potential new partners from within the firm.
How relevant and up-to-date are your partnership agreements?
How you could pay out a partner’s capital account?
How to avoid someone else suddenly appearing in a Partner’s place.
What are the benefits and drawbacks alternative business structures?
What would happen if a Partner falls ill for a significant period of time?
How you best to go about recruiting new Partners?
What training and development does a potential successor partner need?
What training should a new Partner have?

Duration

Our half day in-house Workshop runs in your office with all Partners present. Our experienced Facilitator uses a unique system to ensure agreement and a positive outcome. The use of an external facilitator has proved time and time again to improve the outcome by achieving consensus and stimulating more creative solutions.

Who should attend?

All Partners

Outcome:

Reduced concern about the future
Reduced financial risk
Improved communication and trust between Partners
Improved feeling of control of a vital aspect of your business
An agreed succession plan
Agreed partners’ reward scheme

Fee:

2 – 5 Partners: £500 (half day)
5 – 10 Partners: £1000 (half day
10 – 15 Partners £1500 (full day)
16 – 20 Partners £2000 (full day)
(plus VAT and reasonable travel costs)