Facilitate a business turnaround plan for a large firm of solicitors

Baker Tilly was appointed to assist a law firm facing significant challenges. The firm was unprofitable, resulting in divisions and discontent amongst its partners.

Ancillary to this, the firm's reputation in the marketplace was being damaged by negative press coverage, which in turn impacted their ability to attract and retain clients and staff.
 
Baker Tilly assisted the firm in three key areas:

• advice on neutralising hostile press coverage
• assistance setting business plans
• review of partner remuneration systems to balance the firm's equity profile with a view to attracting and retaining new partners.

Alongside the structural changes effected through the remuneration planning review, outcomes for the firm included a renewed focus on business objectives, and positive internal changes that coincided with upbeat press coverage. The result: enhanced confidence in the firm, making it more attractive to staff and clients.