This website works best using cookies. Please allow our site to use cookies.
More Info

Please be informed that if you have visited this site before from this browser, with cookies enabled in browser settings, then some of the cookies from this site might be stored in your browser. Please use the browser tools if you wish to delete them. The following cookies are being used in the site.
This cookie is placed if you click the Allow button above. It tells us that you have given your consent to the use of cookies on our site and stops this message from displaying.

Cookies used: allowCookies
These cookies allow us to count page visits and traffic sources so that the performance of the site can be measured and improved, using a service provided by Google Analytics.

Cookies used: __utma, __utmb, __utmc, __utmz
These cookies are used to enable the core site to function. Some of these may have been set when you opened the site. They do not contain any personal information.

Cookies used: JSESSIONID, X-Mapping-kcepobcd, SecureSessionToken

Advanced Search

My Basket

Your basket is empty



Free Publicity Materials

DAC User Tested Logo
Exit Strategies Toolkit


Professional conduct

In stock

28 April 2018

The Law Society


Paperback and CD-Rom
246 x 172 mm
80 pages

Exit Strategies Toolkit
In Association with the Law Society's Risk and Compliance Service

Tracy Calvert and Helen Carr


Every year firms close for a variety of reasons, including sale or merger, but what happens if you haven’t prepared to exit the market?

There are a number of regulatory processes and procedures that must be followed when closing down a firm and the Law Society advises all firms to have a plan in place for the possibility of closure, even if there are no plans to close in the near future.

This unique new toolkit contains a mixture of commentary, procedural checklists, draft policies and precedents to help you prepare for this eventuality and comply with obligations to both your clients and third parties. The customisable documents are included on the accompanying CD-ROM.


1. Types of exit
2. SRA regulatory issues if you are closing your firm
3. SRA Accounts Rules
4. Documents and records
5. Specific considerations for different types of practice
6. Insolvency
7. Notifying relevant parties
8. Moving to another regulator or ceasing to be a regulated practice
9. Professional indemnity insurance: regulatory requirements
10. Life after an exit event: options and regulatory considerations

About the Author

Tracey Calvert runs Oakalls Consultancy Limited, providing training and consultancy services to members of the profession and prospective ABSs.

Helen Carr is a consultant who provides advice and training on risk and compliance to solicitors and law firms.