What Every New Partner Needs To Know

Course Content

Why you should attend this seminar
Key questions for Partners are:

• How can I secure the future of the firm?
• How to negotiate an “exit route”?

This interactive course answers these questions. It is an essential, practical guide to structuring and developing a partnership. Ample time will be available for questions.

Programme includes

• How to evaluate a partnership offer
• How to appraise a start-up opportunity
• Negotiation with existing partners
• How to limit your liability
• Do we need a partnership deed?
• The importance of an “exit route”
• The regulatory framework
• Maximising the rewards
• How to value a law firm – tangible assets, work in progress, clients and goodwill
• Provision of working capital
• Age structure of the partnership
• How to understand the accounts of a law firm
• How to negotiate borrowing terms.

Details:

Half day course - pm.
3 CPD hours

This course can help contribute towards the training requirements of the SRA for Management Course Stage 2 and Rule 5 for solicitors wishing to be “qualified to supervise.” Rule 5 of the Code requires solicitors wishing to be “qualified to supervise” to undertake 12 hours of management skills training.