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Exit Strategies Toolkit


£59.95


Professional conduct


In stock


28 April 2018


The Law Society


9781784460730


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

Overview

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.


Contents

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
Appendices.

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.