Sectors

Professional practices

We understand the challenges you face as a professional practice and will help you maximise opportunities and minimise risk. We support leading specialists from many disciplines, including lawyers, barristers, accountants, surveyors, engineers, business consultants, architects and estate agents. They come to us because they want to deal with like-minded people who deliver a cost-effective, personalised service.

Our experts have a wide range of experience of how partnerships operate, the market conditions they face and the individual challenges facing partners at all stages of their career. With an increasing number of firms completing mergers, we will help advise on your growth plans – whether local, national or international.

Over the last two years we have seen an increase in professional firms going public, offering firms a route to raise equity capital rather than relying on partners’ capital or bank debt. This allows firms to be flexible for growth by acquisition and retain partners. As the 8th largest auditors to listed businesses in the UK, according to the Corporate Adviser Rankings Guide, we will help support you on your successful flotation.

We deal with both the personal and business affairs of partnerships and LLPs, providing a full range of advisory and compliance tax services for partnerships and their partners. Our services include:

Audit and assurance – We will assist with preparing your annual statutory accounts, carrying out your statutory or voluntary audits or undertaking assurance reviews (including Solicitors’ Accounts Rules reviews).

Business outsourcing – Through our experienced business support team, we will take on your entire finance function allowing you to focus on driving the business forward.

Tax advice and solutions – We will assist with managing partners’ wealth and looking after their personal tax. We will carry out a risk assessment of your current structure and advise on your VAT position.

Practice management and strategic advice – Our experience will take you through the steps of mergers and acquisitions, partnership de-mergers and start-ups, partnership retreats and conferences, partner appraisals, advice or assistance with incorporation to LLP or limited company, IT strategy and support. With our network of offices around the world, we can support your international growth plans.