Strategic and Financial Planning
Our proven track record of supporting legal professionals in growing their firms and protecting their client relationships has enabled us to offer a range of innovative and specialist finance solutions. Whilst banks and investors tighten their lending and selection criteria we can offer a fresh approach to obtaining finance for critical strategic planning or restructuring, which wouldn’t otherwise be available.
We have built strong relationships with a selected panel of capital providers and investment houses. Albion Legal Support Plan's products and services consistently deliver increased retained commercial client income. This becomes a more attractive investment or loan opportunity.
The current economic climate is accelerating the predicted consolidation of the legal services market. Many firms, therefore, need to act quickly to evaluate their market position and consider all available opportunities -whether you’re an experienced practice manager evaluating all your options for a fast capital injection, or a small firm unsure of how to maximise your future potential. We can provide clarifiaction on this.
Additionally, we can help in maximising the value of smaller firms, by ensuring that adequate funding is in place, thus effectively preparing the firm for the possibilty of a takeover. This also presents exciting “marriage brokering” opportunities.
We specialise in providing access to professional advice in the following key areas:
- Securing funds for practice acquisition, sale or mergers (and full assistance in negotiating on these matters).
- Review of existing funding facilities – can we get you a better deal? As Banks are aggressively seeking to increase their margins and fees, we can pro-actively develop a strategy and provide you with “ammunition” to assist in negotiations with lenders. Alternatively we can negotiate, either independently or alongside you in these discussions.
- Assistance in finding the right practice to buy (or merge with).
- All matters relating to partnership reorganisations. This may include the development of comprehensive partnership (or corporate) agreements, partner buy-ins and partner buy- outs, partner's retirement planning, LLP status, ownership and compensation resolution, non-compete agreements, succession planning and, if required, dispute resolution.
- Practice valuation and strategic consultancy.
- Additional funding for expansion, office moves or sales and marketing initiatives.
- Branch closures.
- Tax advice including forming your firm into a Limited Liability Partnership or Limited Liability Company for tax purposes.
- Provision of competitive professional indemnity insurance.
The provision of these finance facilities in conjunction with our Albion Legal Support Plan product's and service's creates an exciting opportunity for many of our firms who have the vision and drive to embrace the forthcoming changes in the legal services market.