Specialist solicitor accountants
We are specialist providers to solicitor practices and act for a large number of firms providing the following services:
- Financial accounts
- Accountants Report to the Law Society
- Tax mitigation for the practice and individual principal
- Bookkeeping and reconciliations in accordance with Law Society rules
- Strategic planning for the practice
- Practice profit improvement
Support services to solicitors and their clients
- Expert witness and forensic
- Mediation
- Court of Protection
- Divorce and financial settlements
- Probate and Estate accounts
Case Studies
- For a three partner practice we evaluated how different fee earners charged and then advised how this should be restructured leading to a substantial increase in profitability.
- For a sole practitioner we identified the true costs of running the conveyancing department and advised how to change the charging process and work programming so it became an efficient and worthwhile profit centre of the practice.
- For a fifteen partner practice we advised on a variety of financial control and costing processes to increase fee earners' recoveries.
- For a number of sole practitioners and multi-partner practices, we have advised on the following:
- How to minimise taxation liabilities arising on the introduction of the new work in progress rules.
- Facilitated strategic planning days and identified the principal business and personal objectives of the partners, the actions necessary to achieve these, and five year financial forecasts.
- Advised how to increase claims for tax allowable expenses and thereby substantially reducing the partners' tax liabilities.
- Advised how to structure personal property interests to reduce future Capital Gains Tax and Inheritance Tax liabilities.
This is what helps make Sobell Rhodes different.
Ask us how we can contribute to your future success.
Email different@sobellrhodes.co.uk or call 020 8429 8800.