Professional Practices Alliance

Professional Practices Alliance

By Professional Practices Allianc
A podcast series from the Professional Practices Alliance, a group of independent law and accountancy firms offering legal and tax advice to professional practices. We host regular panel discussions and events on a wide variety of issues affecting professional practices, and some of these issues are covered in our podcasts. For more information, please contact info@cm-murray.com.
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Strategic Advance Planning for Firms to Thrive After the Crisis is Over

Professional Practices Alliance

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Strategic Advance Planning for Firms to Thrive After the Crisis is Over
Professional firms are not immune to the global impact of the Coronavirus crisis. Many firms have implemented robust business continuity and remote working arrangements but the impact on their clients and the global economy will require firms to continue to adapt (or face the most serious implications). This Professional Practices Alliance podcast series will address the threats faced by professional firms and explore ways in which firms need to adapt not only to survive the crisis, but also to take steps now to thrive in the post-crisis environment. This podcast discusses the following key issues: i.  Legal and practical issues for professional services firms in managing workplace re-entry - can you force worried staff to come to work? What protections, policies and training should you be putting in place now? ii. Your office space - what is the impact of successful, large-scale homeworking on professional services firms and their office space? iii.  Retaining, motivating and locking in key talent - making this your first priority before addressing the under-performers. iv.  Pruning the Partnership post-crisis - constitutional and discrimination issues to consider when managing Partner Exits. v.  Revisiting your firm's strategic Business Plan – are you tweaking it or ripping it up and starting again? And what scenario planning are firms doing to refocus their strategy? vi.  Learning the lessons from the Crisis – reconstruction, recovery and strategic change for firms. PPA Speakers:   Corinne Staves, Maurice Turnor Gardner LLP - Partnership Law & SRA Regulation specialist Zulon Begum, CM Murray LLP - Partnership Law & M&A specialist Claire Watkins, Buzzacott LLP - Partnership Accountant and Adviser David Shufflebotham, PEPUp.consulting - Partner Remuneration specialist Robert Millard, Cambridge Strategy Group - Law Firm Management Consultant Sarah Chilton, CM Murray LLP - Partnership & Employment Law specialist Session Chair: Clare Murray, CM Murray LLP - Partnership & Employment Law specialist
1:01:13
May 7, 2020
Firefighting for Professional Services Firms to Survive the Crisis
Professional firms are not immune to the global impact of the Coronavirus crisis. Many firms have implemented robust business continuity and remote working arrangements, but the impact on their clients and the global economy will require firms to continue to adapt (or face the most serious implications). This series will address the threats faced by professional firms and explore ways in which firms need to adapt not only to survive the crisis, but also to take steps now to thrive in the post-crisis environment. This podcast discusses the following key issues: i. How professional services firms are responding to the COVID-19 crisis, and the effect of prior experience of senior management (or lack of it) in responding to the GFC and Brexit on firms’ individual responses. ii. How values, ethics and brand reputation are shaping firms’ responses to the crisis; are firms adhering to their values in those responses, or losing sight of them in this crisis? iii. What is the range of financial steps that firms are taking to protect their firm, what are the current lending criteria for professional services firms needing finance, and how do firms best position themselves to apply for that funding? iv. What are the key risk management issues that firms are facing and what is the SRA’s current approach to firms struggling with these unprecedented challenges? v. What are the red flags which suggest that a firm may be heading towards a potential meltdown, and what steps can a firm take to get it back on track? vi. Can a merger be a positive strategic choice in this crisis and how can firms maximise the prospects of merger success? vii. How are firms changing partner drawings, distributions and profit share arrangements, and what key constitutional issues do they need to bear in mind when they implement those changes? viii. What other protections can firms implement to preserve the business – and is now a good time to change your LLP agreement to provide increased constitutional protections and powers to respond to the crisis rapidly? ix. How firms are handling staff issues, including employee physical and mental well-being. x. What should firms be doing now to help them prepare to exit the lockdown? PPA Speakers:   Corinne Staves, Maurice Turnor Gardner LLP - Partnership Law & SRA Regulation specialist Zulon Begum, CM Murray LLP - Partnership Law & M&A specialist Claire Watkins, Buzzacott LLP - Partnership Accountant and Adviser David Shufflebotham, PEPUp.consulting - Partner Remuneration specialist Robert Millard, Cambridge Strategy Group - Law Firm Management Consultant Sarah Chilton, CM Murray LLP - Partnership & Employment Law specialist Session Chair: Clare Murray, CM Murray LLP - Partnership & Employment Law specialist
59:15
April 29, 2020
Episode 1 - #MeTooLaw - One Year On: The Legal, Regulatory, PR and Criminal Issues for Professional Services Firms and their Partners
This PPA podcast covers a wide range of complex partnership, employment, regulatory, PR and criminal issues relating to reporting, investigating and eradicating sexual harassment in law firms and other professional services practices.  Essential listening for partners, senior management, in-house counsel and HR directors in professional services firms responding to sexual harassment allegations 
53:13
February 15, 2019