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Exit Strategies Toolkit


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



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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 regulatory issues if you are closing your firm
5. New SRA Handbook
6. SRA Accounts Rules
7. Documents and records
8. Specific considerations for different types of practices
9. Insolvency
10. Notifying relevant parties
11. Moving to another regulator or ceasing to be a regulated practice
12. Professional Indemnity Insurance
13. Life after an exit event - options and regulatory considerations
14. List of SRA rules and regulations referred to in the toolkit
15. Further sources of information