This section is aimed at equipping and informing small practices of useful strategies to help run a better business.
Legal Costing
Costing legal services can be a challenging and complex process that sometimes requires the help of a costing specialist. Having clear costing procedures in place in your office will help minimise cost disputes, ensure that your practice is maximizing its income and operating in compliance with the Legal Profession Act 2004.
Establishing a Practice
The framework of a legal practice is defined by its business ownership structure and corresponding financial arrangements, upon which all other management principles apply. Whether you are starting a practice or acquiring one, there are a variety of practical and compliance issues to consider.
Merging a Practice
One common way to grow or expand a practice is to merge with another practice.
Closing a Practice
Closing a practice might happen because of the retirement of a sole trader, the cessation of the practice, a merger with another practice, or the dissolution of partnership.
Maintaining a Practice
Starting a legal practice is easy. Maintaining it is the challenge.
Practice managers need to continuously develop and enhance their practical and theoretical knowledge in all areas of legal practice management to ensure continued success.
Small Practice Support
Whether you own or work in a legal practice, you recognise the unique challenges faced by today's small legal practice. Effective practice management, including accessing the right information, resources and support, is integral to the success of your firm.
Trust Accounts
Handling trust money and trust account external examinations or audits.