Our team of 27 legal accountants and tax advisers are here to help you realise your potential and develop new opportunities for your law firm.

Law firms large and small, across the UK, can benefit from our unrivalled legal sector knowledge.

Understanding you

The legal market is changing.

We have seen an increase in practice mergers and acquisitions, virtual law firms are becoming a reality and technology developments are changing the way lawyers work.

We can help you to take advantage of the opportunities this presents for law firms and ensure you stay ahead of the game.

We work with lawyers all day, every day. Whenever you seek our advice, you can be sure that it will always be expert, relevant and up to date.

Helping you achieve your goals

Are you looking for a comprehensive answer to:

  • What is my law firm worth?
  • How can I increase the value of my business?
  • What if I want to retire in 5 or 10 years’ time?
  • What will we need to borrow to pay a retiring partner?
  • What capital should new equity partners contribute?
  • How much should we pay to acquire another law firm?
  • How do I start my own practice? 

Have you seen our latest webinar?

Stay up to date with SRA Accounts Rules compliance.

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Making a difference

  • The Law Society’s LMS Financial Benchmarking Survey author since 2009. In 2017, 169 practices took part, which provided meaningful legal benchmarking on key financial data including fee income, employment  costs, profitability, working capital and financial stability.
  • ICAEW Solicitors' Special Interest Group representation. 
  • ILFM Executive Council representation.
  • Don't miss out on our regular seminars keeping you up to date on topical issues. If you have recently attended one of our events, you can download the presentation here.
  • Law Firm Ambition was founded by a group of leading legal sector organisations to create a central resource for legal firms. 
     

Working together

We work with a number of organisations and groups to ensure we can provide you with the most up to date business advice and support for you and your law firm.

Law Firm Ambition was founded by a group of leading legal sector specialists to create a central resource for law firms. 


Calico publish free business content to support leaders of modern law firms.

How can we help you?

Are you looking for a comprehensive answer to:

Have you read The Law Society's LMS Financial Benchmarking Survey 2020?

The survey is widely regarded as one of the leading annual health check reports for mid-sized practices.

View the full survey

Featured news

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Legal update: Winter checklist

Wednesday 2 December 2020

With so much to think about just now, we thought it would be helpful to put together a checklist of things to think about over the coming months. We have separated this into a few different sections.

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Legal update: Good news on taking money for disbursements

Thursday 17 September 2020

The SRA has issued new guidance on Taking money for your firm’s costs. Most of it is nothing new, but the final section on reimbursing yourselves for money already spent will be warmly welcomed by many firms, and should mean that fewer disbursement-only invoices will be required.

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Legal update: What can the self-employed claim when working from home?

Thursday 17 September 2020

The self-employed, for example, partners in partnerships or sole traders of unincorporated businesses, can make claims for costs that they incur, which can reduce their taxable profits.

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Legal update: Working from home - What allowances can you claim?

Thursday 17 September 2020

With so many people now settled into working from home and this becoming part of normal life going forward for many businesses, it is worth thinking about how practices can help their employees with the running costs of a home office to support them without incurring any unnecessary benefits in kind.

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Legal update: Virtual law firms on the rise

Monday 14 September 2020

There has been a 7% rise in the number of lawyers at ‘virtual’ law firms since the start of the COVID-19 pandemic as more lawyers consider the benefits of working outside the traditional law firm environment.

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Legal update: Dispelling the myths of selling your law firm

Tuesday 8 September 2020

The law firm mergers and acquisitions market is on a positive upward trend and many partners and owners are now looking for opportunities to sell. Hazlewoods Legal team works with law firms every day and whilst talking to those who have an interest in selling, we find that there are some common misconceptions surrounding the selling process.

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Legal update: LMS Benchmarking Survey 2020

Thursday 25 June 2020

The LMS Financial Benchmarking Survey 2020, written and produced by members of our Legal team, has recently been published.

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Legal update: Updated Law Society practice note on VAT and disbursements

Thursday 25 June 2020

The Law Society has just issued updated guidance on the VAT treatment of disbursements and expenses.

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Legal update: A bump in the road on the way to recovery

Thursday 25 June 2020

In the last few months we have probably seen the most challenging time in anyone’s career in terms of how to manage a business.

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Legal update: Have you or a client sold a property recently?

Friday 12 June 2020

A significant change to the reporting of residential property sales took effect from 6 April 2020, which brings forward the deadline for submitting a return to HMRC.

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Legal update: Key themes to keep on top of

Tuesday 19 May 2020

COVID-19 has shaken up the legal industry in so many ways, and law firms have had to be reliant on their pre-existing systems and processes to maintain some sort of norm.

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Legal update: The importance of remaining compliant, despite COVID-19

Tuesday 12 May 2020

With so many law firms trying to navigate through these difficult times, with (and quite rightly so) a real focus on managing cash flow, it is easy to ignore some important compliance tasks, particularly if they do not directly relate to the continuity of the business.

Related videos

Dispelling the myths of selling your law firm

Events

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Legal morning briefing: Finance

Thursday 12 November 2020 10:00 AM to 11:00 AM

The phrase ‘cash is king’ is often used to remind businesses of what is the most important issue to consider when weathering challenging times. For many practices at the moment cash levels are potentially at a level not seen for a long time as a result of the benefits of deferring VAT and self-assessment taxes and the help of CBILS and bounce back loans
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Calico's forum: Organisation and Ownership

Thursday 26 November 2020 2:00 PM to 3:30 PM

Getting the right building blocks in place is key to building a resilient law firm. Learn what they are and how to apply them in Calico's forum: Organisation and Ownership on Thursday 26 November.

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"We were all very impressed with the audit work. [The auditors] were extremely professional and polite, having worked with many auditors and as an auditor myself in the past, they were genuinely exceptional in comparison to others I’ve worked with. We really appreciated the detail of the work you carried out and your helpfulness in answering various SRA related queries. The issues highlighted will definitely help us tighten things up as a business going forwards and will help us revise our…"

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