What can we do for you?
Businesses can either stand still, decline or grow.
There are only four ways to grow your firm;
- Increase the number of your clients
- Increase the number of times your clients use you
- Increase the amount they spend with you every time they use you
- Improve the efficiency of your firm
At Styles and Co we have helped many firms of solicitors expand their businesses and increase their profitability per partner.
By working together we can help you and your partners to define your firm’s corporate objectives and achieve them.
Business Growth Strategy for Solicitors
Where is your firm now?
Where do you want it to be in one year, two years or in five years time?
How are you going to get there?
With our help...
Starting with a structured strategy development meeting, we will help you to formulate a workable plan of action focussed on helping you achieve your objectives.
We can offer a complimentary diagnostic session to any firm with more than 10 employees.
Business Growth Implementation
Once we have created a comprehensive growth strategy with you, it is vitally important to ensure it is fully implemented.
We will assist you in achieving your firm's growth by meeting regularly with you and your team to monitor progress and ensure that all targets are being met.
Your short-term, medium-term and long-term goals will be realised with our support.
Growth by Merger or Acquisition
Have you identified a target firm which will enhance the profitability of your existing business and provide opportunities for the future?
Are you looking for more financial independence and personal freedom by acquiring a practice for the first time?
We can assist you by:
- Analysing the target practice (financial due diligence)
- Raising funds to acquire the firm
- Valuing the practice
- Negotiating the amount you pay
- Advising on the structure of the acquisition
Raising Finance for Practice Growth
You may wish to raise funds in order to save you money or help your organisation grow. These funds may be used:
- To purchase another practice
- To acquire new assets for use within your firm
- To ease cash flow with an injection of new funds
- To restructure your current borrowings
- To fund disbursements and work in progress
- To pay out a retiring partner
Types of funding vary considerably from a conventional bank overdraft to the provision of specialist finance available to lawyers.
We will help you to identify and obtain the funding specifically suited to meet your requirements.