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Contributors to the CoreLegal blog include experts from our membership. Our bloggers, who also often speak at CoreLegal CPD Seminars explore the key areas of the legal profession, providing insight, practical advice and informed opinion. Please feel free to comment on blog posts.

If you would like to suggest a topic for a blog post, call us on 01494 483728, email info@corelegal.net or drop us a line from our contact page.

on 18 January, 2011 1 comment so far -

You always read about how important it is to get bookkeeping systems in place, why you need to have a good bookkeeper, how to find a good cashier, but this article is different.

Lisa Newton, founder of CoreLegal and the Boogles bookkeeping franchise, recounts some real life solicitors’ bookkeeping horror stories. Names and dates have been changed to protect the innocent. When it goes wrong it can go very, very wrong…

Article Categories: bookkeeping,smaller law firms
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Master of None?

on 10 January, 2011 No comments yet -

Roger J Gould, CoreLegal copywriting expert, considers that endangered species – the Lesser Spotted Sole Practitioner.

As a breed it is threatened by the Greater Earning Diversified Bustard and the Avaricious Actuary, both of which tread it so regularly that it must devise new strategies to survive…

Article Categories: smaller law firms
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So what is your firm actually worth?

on 6 December, 2010 No comments yet -

In the last of four articles, CoreLegal founder member Ray Fox (from the Bottom Line Consultancy) provides more insights into his specialist work as acting as a broker selling Law Firms.

The difficulty is that law firms differ from one another in the same way that cars or houses differ from one another.  Is a Smart Car worth the same as a Mercedes 450SL just because they both have 2 doors and a wheel in each corner?  Is a three bedroom house in Brixton worth the same as a three bedroom house in Brighton?

Article Categories: Selling law firms
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FINDING A LEGAL BOOKKEEPER

on 20 October, 2010 No comments yet -

It can be a hard decision – how do I choose a legal bookkeeper? Questions to consider include:

  • What experience they should have? Can it just be an accounts clerk?
  • Or should it be someone with an accountancy qualification?
  • Or someone who claims to have legal bookkeeping experience?
  • Will I be OK with a friend or a family member?
  • Can bookkeeping be outsourced or should the bookkeeper be full time in house?
  • What sort of accounts packages experience do they need?

These are things that need to be taking into consideration when finding a legal bookkeeper.

Article Categories: bookkeeping,outsourcing,reducing overheads
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Uncertain Future For The Legal Market But Still Opportunities For Innovative Firms

on 16 September, 2010 1 comment so far -

CoreLegal founder member David Mort, Director at IRN Research (a market research consultancy specialising in advising the legal services sector) provides further findings from IRN’s annual review of the UK legal services market.

First the bad news…..

IRN’s regular review of the UK legal services market (http://www.irn-research.com/news/new-report-on-uk-legal-services-market/) estimated annual growth of just 1.6% in value terms for the sector in 2009, the lowest for many years.

Article Categories: Alternative Business Structures,Legal News,Legal Services Act,market research
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So who’s going to buy your Firm?

on 6 September, 2010 No comments yet -

In the third of four articles, CoreLegal founder member Ray Fox (from the Bottom Line Consultancy) provides more insights into his specialist work as acting as a broker selling Law Firms.

It might be a bit trite and simplistic but the only people who are going to buy your Firm are likely to be another Law Firm or another Solicitor.

Suppose you owned a small Practice in my local town, High Wycombe.  Who would want to take over your Practice?  Possibly another Practice in High Wycombe.  Possibly a multi-site Practice that has offices in, say, Buckinghamshire, Berkshire or Oxfordshire.  Possibly a Practice in Oxford, Reading, Aylesbury or Slough.  Possibly a City Firm…

Article Categories: Selling law firms
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