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What Insolvency Practitioners Need to Know About SRA Intervention
What Insolvency Practitioners Need to Know About SRA InterventionWhen a law firm experiences serious financial distress, insolvency practitioners are often among the first professionals instructed to assess the options. However, firms of solicitors operate within a...
How Recovery First Supports Law Firms Throughout the Entire Run-Off Process
How Recovery First Supports Law Firms Throughout the Entire Run-Off ProcessWhen a law firm decides to close, retire from a particular area of practice or restructure its business, transferring client files is only one part of the process. Ensuring clients continue to...
How to Value Work in Progress (WIP) in a Law Firm Insolvency
How to Value Work in Progress (WIP) in a Law Firm InsolvencyFor insolvency practitioners dealing with distressed practices in the legal sector, one of the most complex and value-sensitive assets to assess is work in progress (WIP). Unlike tangible assets or even...
June 2026 Legal Market Roundup: Consolidation Gathers Pace as Firms Reassess Their Future
June 2026 Legal Market Roundup: Consolidation Gathers Pace as Firms Reassess Their FutureJune has reinforced a trend that has been building across the legal sector for several years: the gap between the largest firms and the rest of the market is continuing to widen....
Law Firm Insolvency in the UK: Guidance for Insolvency Practitioners
Law Firm Insolvency in the UK: Guidance for Insolvency PractitionersThe insolvency of a law firm presents unique challenges that differ significantly from those encountered in other sectors. Unlike ordinary businesses, law firms operate within a heavily regulated...
How To Overcome Law Firm Cash Flow Problems
How to overcome law firm cash flow problemsFor a law firm to remain operational and profitable, it must manage the inflow and outflow of money effectively. Cash flow problems occur when there is a mismatch between when revenue is generated and when expenses need to be...