Professional Practices

Whether you’re a partner or a fee earner, the dawning of a new decade is bringing unprecedented social and economic challenges, the likes of which you are unlikely to have previously witnessed in your career, which by itself has probably not equipped you to manage such changes.

As we emerge from a recession that has seen businesses and individuals hit harder than ever before,  with some practices facing dwindling client numbers and declining fee income we recognise the need for a step change in thinking and behaviour and a need to embrace new skills and strategies.

The professional services sector is facing a period of rapid change and with ever more demanding clients how do you align your operational processes and engage your people to meet and exceed these expectations? How do you introduce systems to constantly measure and manage improvements in service and business process and consistently deliver strong financial performance?

At David Allen you’re connected to a team of specialists with a detailed knowledge of the professional practices sector, including solicitors, chartered surveyors, estate agents and letting agents – a team of committed professionals that understands your challenges and opportunities and provides practical support to help your practice grow.

We can assist you with following:

• Preparation of management accounts and statutory accounts
• Completion of audits where required
• Mergers and acquisitions
• Preparation of reports in accordance with the relevant rules of professional bodies e.g. Solicitors Accounts Rules, RICS Members’ Accounts Rules
• The Legal Services Act
• Review of client accounts and advice on systems, procedures and compliance issues
• Cash flow and working capital management
• Assistance with computer and accounting systems
• Tax planning for the practice and partners

To increase the performance of your professional practice contact Alison Welton.