Business management

Help for solicitors facing financial difficulty

If you're worried about the future of your law firm, or are looking for advice on the impact of government reforms to legal aid, our resources can help.

Useful practice notes

Closing down your practice: regulatory requirements

Professional indemnity insurance

Use of investigatory powers

Books and other resources

Exit Strategies Toolkit

Financial Stability Toolkit

Law Management Section Merger Toolkit

Profitability and Law Firm Management

Advice on PII

Useful websites for firms and employees


GOV.UK has information for businesses on how to deal with financial difficulties; how to find an insolvency practitioner; how to contact the official receiver who can help manage the first stages of insolvency; as well as other useful information.

Insolvency Service

The Insolvency Service administers compulsory company liquidations and personal bankruptcies and deals with misconduct through investigation of companies and enforcement. It also makes redundancy payments.

Solicitors Regulation Authority (SRA)

The SRA provides guidance for firms that may need to close due to financial difficulties.

Citizens Advice

Citizens Advice has helpful information about the redundancy procedures an employer must follow; what redundancy payment an employee may be entitled to; the situation after redundancy; work-related issues, debt and entitlement to benefits.


The Advisory, Conciliation and Arbitration Service (Acas) can help employees who have a dispute with their employer. Acas can act as a mediator in an employment dispute. It has a free confidential helpline.

Other helplines


LawCare is an advisory and support service designed to help lawyers, their immediate families and their staff to deal with issues such as stress, depression, addiction, eating disorders and related emotional difficulties.

SBA The Solicitors' Charity

SBA The Solicitors Charity helps solicitors, former solicitors and their dependants when times are tough. Its services include grants and interest-free loans (usually secured), support with career transition and access to bespoke personal insolvency advice.

Solicitors' Assistance Scheme

The Solicitors' Assistance Scheme offers free confidential help and advice for all solicitors in England and Wales, their families and employees on any problem troubling them, whether personal or professional.

Find out more about support services for solicitors

Maximise your Law Society membership with My LS