Making partner is a magic moment. Whether it happens as early as your 30s or 40s, that jump from senior associate to equity partner is a fantastic professional achievement. Your earnings increase overnight. Planning ahead at this stage means you can manage your cashflow to cover your increased tax bills, or protect your income and lifestyle with proper protection as your career goes from strength to strength.

Running a successful law practice or solicitor’s practice

As an equity partner, you’ll also have new responsibilities as a business owner. You’ll be part of the financial planning and decision making for the company. For many legal professionals, this is a whole new skillset. We can help you make the right financial choices for your business too.

We advise many legal professionals on all aspects of corporate finance. From effective tax strategy to, pension and protection schemes, planning your cash-flow so that your lock-up days don’t negatively impact your business, to arranging attractive pension schemes for your employees – yourself included.

And at the same time, we specialise in personal financial planning that supports your lifestyle today, and the one you imagine for yourself, in later life.

Life after law - Preparing for retirement with confidence

With the excitement and challenge of growing your practice, it’s easy for your personal finances to take a back seat, right when you have the opportunity to make the most of your growing wealth. This is the time to plan for the next stage of your life, and the lifestyle you want to lead when you stop working. Cash flow modelling – working out how much you’ll need for a fantastic retirement – is the cornerstone of later life financial advice. We help many solicitors and in house legal professionals put this in place.

Getting your exit strategy right for both you and your business is one of the key moments in your life as a solicitor.

We can help you time and plan your exit, leaving behind a practice that will continue to thrive and also be a potential source of retirement income for you.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.

Exit Strategies may include the referral to a service that is separate and distinct to those offered by St. James's Place.