1. Delivering growth and
profitability in the legal sector
Managing your
practice effectively
smith.williamson.ie/legal-firms
Legal sector challenges
• Growth
• Profitability
• Acquisition and succession
Our unique
approach
Dev
iseyour
str
ategy
Practic
e
financial
re
view
Manage your practice to maximise returns
Strategy Financial
analysis
Acquisition Compliance Succession
planning
Struct
ure
and con
trols
Finan
cing
• Dedicated sector team
• Practice accounting and
advisory service
• Our focus “your growth
and profitability”
• Business plan • Controls, cash
and lock up
• Due diligence
and business
reviews
• Independent
accountants
report
• Advice on
partnership
promotions
and retirements
• Fulfil
Law Society
requirements
• Planned future • Transparency
and better
control and free
up working capital
• ROI, profitability
and fit
• Ensuring best
outcome for you
and your practice

2. Smith & Williamson is a member of Nexia International, a worldwide network of independent accounting and consulting firms.
Offices: London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Manchester, Salisbury and Southampton.
Smith & Williamson Freaney Limited Authorised to carry on investment business by the Institute of Chartered Accountants in Ireland. A member of Nexia International.
We have taken great care to ensure the accuracy of this publication. However, the publication is written in general terms and you are strongly recommended to seek specific advice
before taking any action based on the information it contains. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. ©
Smith & Williamson Holdings Limited 2015. code: 15/1092 Expiry 16/05/2016
Paul Wyse
Managing Director
e: paul.wyse@smith.williamson.ie
t: +353 1 6142504
smith.williamson.ie/legal-firms
Our approach
Every firm has different needs and our Legal practice
service team tailors its approach to your unique
circumstances and requirements. We do this through
a focused approach on your needs and the application
of insight and benchmarks gained from our experience
working with our extensive client portfolio of professional
practice and legal firms.
Dedicated professional services team
We have built a dedicated team centred on providing a
quality service to our growing list of Legal Firm clients.
Based in Dublin, we seek to deliver tailored services
focused on your individual firm’s needs. Our suite of
services encompasses the following;
• Preparation of Legal firm Annual Accounts
• Independent accountants report for Law Society /
Regulator
• Outsourced accounting services – book keeping
• Finance management consultancy
• Profitability analysis
• Practice financial policies, controls and procedures
• Lock up
• Growth
Acquisition, merger and succession
In addition to organic growth, opportunities may arise
for practice acquisition and/or practice merger. These
opportunities need to be critically and independently
assessed to ensure they deliver the return on investment,
profitability and most importantly practice fit to ensure
they are successful. Our focus is to ensure the best
outcome for you and your practice.
We have developed an expertise in professional and legal
practice merger and acquisition advisory encompassing:
• Due diligence
• Independent business reviews
• Financial analysis and projections
• Individual partner financials
We’re here to help you
We are here to help and share our experience and insight
with you. Call us to discuss how we can help you and your
business. Please contact Paul Wyse or any member of our
team on 01 614 2500.