How can law firms manage lock-up in 2025?

Effective management of lock-up is crucial to maintaining a law firm’s financial health. Here, Legal Sector Partner, Andy Poole, gives a number of strategies law firms can implement to better manage lock-up periods, and improve their financial position. 

6 things to look out for when undertaking financial due diligence on the acquisition of a law firm

While there may have been a time when financial due diligence was performed ‘in-house,’ it is now almost unheard of for a legal sector transaction not to have external financial due diligence...

BlueCrest case highlights importance of LLPs’ compliance with Salaried Member Rules

The Court of Appeal’s recent decision in favour of HMRC against BlueCrest draws attention to the potential financial repercussions of non-compliance. This article takes a closer look at the case and what areas LLPs need to be mindful of, particularly around the Salaried Member Rules...

Antecedent transactions - what to be aware of if your law firm becomes insolvent

If a law firm has to enter into an insolvency process, it is vital to take professional advice from an insolvency practitioner as soon as possible. One area that will be covered by the practitioner is the concept of antecedent transactions - but what exactly are they and why should law firms be aware of them?

Protect your law firm's people

Business protection encompasses more than just securing physical assets or intellectual property; it involves safeguarding the individuals who are pivotal to your practice's success...

Armstrong Watson embraces generative AI to enhance services and productivity

Andy Poole, COO at Armstrong Watson, summarises our AI journey so far and shares some tips for law firms looking at what their AI strategy may be...