Solicitors

• The Legal Services Act (LSA), widely referred to as the 'professional big bang', will expose high street law firms to unprecedented competition from new entrants - with deep pockets and new ideas. New ownership rules and the possibility of competing with the likes of Tesco Law is causing many firms to re-evaluate their strategy.
  
  Instead of viewing the legislation as a threat, many are exploring how they can capitalise on the changes - to build a business that is not only stronger but more profitable than ever before.

  The opportunities:

  Multi-disciplinary Services. Non-lawyers and professionals from other disciplines can work together offering legal, accountancy and financial services under the one roof.

  Consolidation. Nimble high street firms can reinforce their position as a trusted local or specialist provider through consolidation, effective use of IT and systematisation of processes.

  Business Growth. Referrals, joint ventures or "alternative business structures" with independent financial advisers and accountants will improve commerciality and help build long-lasting client relationships.

  Outside Investment. Commercial firms will be able to attract outside investment, opening the doors to private equity firms and the possibility of expanding regionally, overseas, or gaining market dominance in certain sectors.

  Want to harness the opportunities presented by the LSA? A Business Innovation can help

  Our services enable you to:

  • Define and articulate your value proposition
  • Communicate effectively with your clients
  • Establish an online presence
  • Create marketing strategies that work

  • Retain and re-engage your clients
  • Build professional introducer relationships
  • Attract new clients
  • Acquire and integrate a new business
  
  

  We can work with you on an outsourced basis, as a fully integrated marketing or business development division. Alternatively, the Business Innovation Academy can furnish you with the training and tools you need to run your own campaigns and initiatives.