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18 January 2007 / Simon Young
Issue: 7256 / Categories: Features , Risk management
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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 By the end of the first year it will be starting to look outdated, and by the end of the second—where you are now—it will be very tired.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

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MOVERS & SHAKERS

Anthony Collins—20 promotions

Anthony Collins—20 promotions

20 promotions mark major people investment at national law firm, Anthony Collins

Sidley—Elaine Whiteford

Sidley—Elaine Whiteford

Sidley adds competition litigator Elaine Whiteford in London

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys welcomes Claudina D’Costa as Director of Client Development Marketing

NEWS
The 25th Pro Bono Week begins today until 6 November, with events hosted by law firms, chambers, law schools and charities across the UK
Aggressive sales tactics can add up to fraudulent trading even without proof of a particular deception or financial loss
Judges risk weakening their own independence by staying silent over government reforms, a leading public lawyer argues
A discount on damages does not automatically mean an equivalent haircut for legal costs in military deafness claims
Police powers targeting concealed identities at protests come with procedural conditions that could determine whether prosecutions succeed
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