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How to Set-up Your Own Firm

How to Set-up Your Own Firm

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Description

While the prospect of opening your own law firm is an exhilarating one, it can also be intimidating – not least of gaining authorisation from the Solicitors’ Regulation Authority (SRA). After all, as a lawyer you already have a full range of roles and responsibilities; is it really feasible to add setting up and running a new business to the list?

This session, delivered by management expert Mac Mackay will provide viewers with an overview of the key criteria that the SRA will expect you to meet when setting up a law firm.

Five simple steps are outlined, and guidance given on where to look for more detail – saving you both time and money – before steaming ahead!

What you'll learn

Have identified whether starting up your own law firm is a fitting path for you
Recognise why you might fail
Have defined some fundamental details of your new entity
Know how to deal with Risk Management and Planning issues
Have gained a handle on financial matters and your services
Recognise key issues when engaging people in your new firm

Requirements

Watch the recorded webinar, review the reference notes and complete the short quiz to test your legal knowledge.
This course provides 1-2 CPD points (depending on length of time spent reviewing the supporting documentation).

Who is the target audience?

Anyone thinking of setting up their own law firm

Course Content

Recorded Webinars

Webinar

00:41:28

Written and recorded by Mac Mackay, DAW Ltd.

Documentation

Notes

25 Pages

Slides

29 Pages

Quiz

5 Questions

KeyWords

Law firms, Starting a law firm, SRA, New firm, Risk management, Planning issues, Business development

Instructor

Mac Mackay

3870 Users
41 Courses
146 Reviews

BSc(Hons) DipM MCIM PCertM CMgr MCMI MBA

Mac has a wealth of practical management experience running his own successful consultancy practice, and has been a popular lead speaker on the Datalaw SRA Management Course Stage One and Two.

He is author of Motivation, Ability & Confidence Building in People and Recruiting, Retaining & Releasing People both published by Butterworth Heinemann (2007). Mac is also a Chartered Manager and a qualified sports coach.

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