Professional practices present a special set of business issues and challenges. David Verney has experience of small, medium and large practices, and has started, developed and sold his own practice, giving him a particular insight into these issues and challenges.

Our practice advisory services include:

Practice start-up

  • Start-up advice – key issues – planning – who will be your clients?
  • Acquiring blocks of fees vs. organic growth – advice on acquisitions
  • Business structure options
  • Writing a business plan/strategic plan/market focus – assistance and coaching
  • Start-up checklists/IT/PII
  • Fixed price start-up consultancy packages

Running a practice

  • Efficiency and profitability review/profit improvement
  • Partnership and staffing issues
    • Staffing structure/composition/leadership development
    • Partnership disputes/mediation/break-up
  • Business structure review
    • Partnership/shareholder agreements
  • Developing a strategic plan/strategy review
    • Review objectives/aspirations/a plan for your future
  • Mentoring and support
  • Alternate services and advice
  • Disciplinary and ethical issues – advice and support
  • Facilitating practice development seminars and meetings
    • Partner meetings/seminars/away-days
  • Practice management essentials
    • KPI’s/Generating cash flow/fee-charging/value added/recovery rates/lock-up
  • Developing and growing a practice
    • Growth strategies
    • Merger and acquisitions

Succession and Retirement

  • Planning for succession – review of options
  • How and when do I retire and realise the value of my practice?
  • Grooming your practice for sale/maximising potential sale proceeds
  • Fixed price succession planning consultancy packages
  • Close working relationship with Phil Shohet at Foulger Underwood Kato – access to merger and acquisitions and valuation services through to sale of practice