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Vol 23 No 1 Jan/Feb 2018

Book of the Month

Cover of The Law of Privilege

The Law of Privilege

Edited by: Bankim Thanki
Price: £195.00

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Exit Strategies Toolkit


ISBN13: 9781784460730
To be Published: April 2018
Publisher: Law Society Publishing
Country of Publication: UK
Format: Paperback & CD-ROM
Price: £59.95



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?

The Solicitors Regulation Authority (SRA) has stressed the need for firms to have an exit strategy in place to prepare for this eventuality, meet regulatory requirements and good practice standards, and avoid potential fines.

The Exit Strategies Toolkit contains a mixture of commentary, procedural checklists, such as a notification checklist, draft policies and precedents, including sample letters to PI insurers and the SRA, to help you to prepare for this eventuality.

Subjects:
Legal Practice Management
Contents:
1.Introduction
2.Types of exit
3.Planning your exit
4.SRA Accounts Rules
5.Documents and records
6.Specific considerations for different types of practice
7.Insolvency
8.Notifying relevant parties
9.Moving to another regulator or ceasing to be a regulated practice
10.Professional indemnity insurance
11.Life after an exit event
12.List of SRA rules and regulations
13.Further sources of information.