header-logo header-logo

18 January 2007 / Simon Young
Issue: 7256 / Categories: Features , Risk management
printer mail-detail

Risk Management Focus

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 By the end of the first year it will be starting to look outdated, and by the end of the second—where you are now—it will be very tired.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 your goals and ambitions are concerned. But when you are looking

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Jurit LLP—Caroline Williams

Jurit LLP—Caroline Williams

Private wealth and tax team welcomes cross-border specialist as consultant

Freeths—Michelle Kirkland Elias

Freeths—Michelle Kirkland Elias

International hospitality and leisure specialist joins corporate team as partner

Flint Bishop—Deborah Niven

Flint Bishop—Deborah Niven

Firm appoints head of intellectual property to drive northern growth

NEWS
Talk of a reserved ‘Welsh seat’ on the Supreme Court is misplaced. In NLJ this week, Professor Graham Zellick KC explains that the Constitutional Reform Act treats ‘England and Wales’ as one jurisdiction, with no statutory Welsh slot
The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
back-to-top-scroll