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Risk Management Focus

18 January 2007 / Simon Young
Issue: 7256 / Categories: Features , Risk management
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business plan—update annually
legal aid review—strategic choices
legal services bill—alternative business structures

Simon Young MBA is a solicitor and a legal management and training consultant. E-mail: simon@syoung.co.uk

 Q So, what was your New Year resolution this year?

 A To help you put a decent business plan
together. It’s not long now before the end of your financial year, so now is a good time to be getting down to it.

 Q We did a business plan two years ago. It was a three-year plan. Why do we want another one so soon?

 A I don’t care how long you said it was for at the time: the truth is that any business plan starts to degrade as soon as the ink is dry on the page. By the end of the first year it will be starting to look outdated, and by the end of the second—where you are now—it will be very tired.

 Q But surely the point of a business plan is to be looking forwards for a fairly lengthy period?

 A That’s right, as far as

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MOVERS & SHAKERS

Fox & Partners—Nikki Edwards

Fox & Partners—Nikki Edwards

Employment boutique strengthens litigation bench with partner hire

Fladgate—Milan Kapadia

Fladgate—Milan Kapadia

Partner appointed to dispute resolution team

Carey Olsen—Louise Stothard

Carey Olsen—Louise Stothard

Employment law offering in Guernsey expands with new hire

NEWS
Law students and graduates can now apply to qualify as solicitors and barristers with the Crown Prosecution Service (CPS)
Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
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