Solicitors

Wood & Disney acts for a number of solicitors ranging from sole practitioners to multi discipline / multi office partnerships. We have the knowledge and experience to give you the expert advice and support that you need to run your practice.

Handling client money

The Solicitors' Account Rules are a complex set of rules governing how solicitors should handle clients' money including accounting for interest and disbursements. Even small firms can find themselves dealing with very considerable volumes of client money and transactions particularly where conveyancing or probate matters are involved. The risk of fraud or error is high and all firms must have a sound knowledge of the Rules and strong accounting systems and controls to minimise these risks.

Financial management

We can help you improve profitability by extracting relevant key performance indicators from the large amounts of financial data you generate. We can help you identify underperforming areas and create a more efficient and profitable practice. We have the expertise and experience to be able to help you to give fee-earners a better understanding of the impact that their working practices have on profitability and cash-flow e.g. more timely billing, levels of write-offs etc which in turn will lead to better fee quotes, more effective use of resources and improved profitability.

Planning

We can also assist in the growth of your practice with Strategic planning and business coaching.

Compliance

We provide a range of compliance services to small to medium size legal practices including:

• Annual accounting and taxation services
• Tax planning for the firm and help with tax and VAT compliance
• Tax Planning for individual partners
• Partnership structures and conversion to LLP or incorporated practice