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 By the end of the first year it will be starting to look outdated, and by the end of the second—where you are now—it will be very tired.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

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MOVERS & SHAKERS

Weightmans—Emma Eccles & Mark Woodall

Weightmans—Emma Eccles & Mark Woodall

Firm bolsters Manchester insurance practice with double partner appointment

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

Jackson Lees Group—five promotions

Jackson Lees Group—five promotions

Private client division announces five new partners

NEWS
The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
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