We have continued our expansion with the appointment of Andrew Taylor as a Financial Management Consultant. Andrew has experience as Finance Director at a variety of law firms and has been advising professional service firms on financial and business management for over 20 years. As a qualified accountant (FCCA), he is able to advise on a wide range of strategic and operational issues including financial control, costs and cash management; review of reporting systems and overall business improvement.
Andrew’s arrival further strengthens Inpractice UK and its specialist merger team which advises legal clients on all aspects of a merger; from a high level strategic approach to the practicalities of consolidating databases to facilitate mergers on any scale.
Key areas of expertise include profit improvement , focusing on measures to improve financial managementa nd financial due dilgence on mergers. Experience that law firms can tap into at this time of change in the legal market includes: a) Managing partnership growth from a turnover of £7.5m to £14.0m in 5 years with corresponding growth in profitability; b) Sale of professional practice business to a quoted PLC, handling preparations for sale, due diligence and integration into the PLC business; and, c) Successful integration of acquired business into a PLC, merging existing and another acquired business into a £30m multi-site, UK wide business.
Commenting on his decision to join Inpractice UK, Andrew Taylor said: “I’m delighted to join the team. By working with law firms to increase margins and profits through critical review and a focus on KPIs, Inpractice UK is fast establishing itself as one of the UK’s leading legal consultancies. I am very much looking forward to working with our clients to help them improve their financial processes and, where appropriate, to prepare them for and guide them through the merger process.”
Andrew’s arrival is the next piece in the jigsaw in terms of creating a one stop shop for the UK legal sector. He has a hands-on approach and the ability to quickly assimilate business needs and transform these into practical, profit enhancing measures. With a track record for improving performance, his appointment is a very positive development for the business.
Andrew is a member of the Inpractice UK specialist merger team and involved in transition of traditional legal practices to LLP, Limited company and Alternative Business Structures (ABS’). In addition to Allan Carton and Andrew Taylor, this team includes recently appointed IT specialist Damian Griffiths, technology expert Andrew Simmans, Richard Blasdale, a specialist in IT systems selection and implementation and Rita Maguire, a HR and personal development consultant.
The legal services marketplace is continuing to consolidate and further M & A activity is a definite marker on the horizon. Our team is continuing to expand and we are well positioned to serve the needs of our clients moving forward.