Help for solicitors facing financial difficulty
Check our guidance on:
- managing cash flow
- how to charge your true worth
- improving your profit margins
- closing down your practice: regulatory requirements
- professional indemnity insurance
- use of investigatory powers
Books and other resources
Profitability and Law Firm Management
Useful websites for firms and employees
GOV.UK
GOV.UK has information for businesses on how to:
- deal with financial difficulties
- find an insolvency practitioner
- contact the official receiver who can help manage the first stages of insolvency
Insolvency Service
The Insolvency Service administers compulsory company liquidations and personal bankruptcies and deals with misconduct through investigation of companies and enforcement.
It also makes redundancy payments.
Solicitors Regulation Authority (SRA)
The SRA has guidance:
Citizens Advice
Citizens Advice has helpful information about:
- the redundancy procedures an employer must follow
- what redundancy payment an employee may be entitled to
- the situation after redundancy
- work-related issues
- debt and entitlement to benefits
Acas
The Advisory, Conciliation and Arbitration Service (Acas) can help employees who have a dispute with their employer.
Acas can act as a mediator in an employment dispute. It has a free confidential helpline.
Other helplines
LawCare
LawCare is an advisory and support service designed to help lawyers, their immediate families and their staff to deal with issues such as:
- stress
- depression
- addiction
- eating disorders
- related emotional difficulties
The Solicitors' Charity
The Solicitors' Charity helps solicitors, former solicitors and their dependants when times are tough. Its services include:
- grants and interest-free loans (usually secured)
- support with career transition
- access to bespoke personal insolvency advice
Solicitors' Assistance Scheme
The Solicitors' Assistance Scheme offers free confidential help and advice for all solicitors in England and Wales, their families and employees on any problem troubling them, whether personal or professional.