Services

Professional Practices

Deloitte is the leading firm of advisors to the UK and global Professional Practices sector. Together with our market-leading position in our key service offerings of partnership tax and audit, we have a unique depth and breadth of skills to help you navigate this complex environment and our ability to advise is informed by our experience of execution.

We regularly advise professional services businesses on the following:

  • Implications of the incorporation of limited liability partnerships
  • Turnaround, restructuring and refinancing support
  • Corporate, personal and partnership tax and planning
  • Mergers and acquisitions
  • Pre and post transaction due diligence
  • Strategy
  • Financial management including cash flow optimisation and refinancing
  • Finance transformation and strategy
  • Property portfolio planning
  • Cyber security planning

We would be delighted to discuss your opportunities and challenges and how we may be able to help. 

What's current in the Professional Practices market?

The Professional Practices market is currently undergoing major structural changes, particularly within the legal market. Clients are demanding more for less and many legal services firms are responding with an acute focus on operational efficiency – maximising opportunities while lowering costs. The trickle of firms embracing legal and business process outsourcing has grown steadily in the last couple of years. New players - such as consumer businesses and insurance companies are entering the market.  The Legal Services Act has introduced new opportunities for raising capital, which is resulting in fundamental changes to the business model for many firms. Those that want to succeed must carefully consider their strategy, structure and investment and make an informed choice about its future direction.

Firms must also maintain a healthy client base and differentiate their services from the competition – both to win work, be attractive to the best talent and to deliver strong profitability. Mergers are one vehicle to achieving this and there have been many UK and international mergers lately, as firms seek to improve their national and global position and to benefit from increases in scale. Finding the right strategic partner is paramount but so too is the transaction execution if the potential benefits are to be fully realised.

Risk and regulatory pressures remain high. Compliance, adverse events, IT and data security are all major challenges for law firms, especially in an environment of collaborating with business partners through outsourcing models.

"Our goal is to deliver first class client service with a team of ‘user-friendly’ experts who have the breadth and depth of experience to find solutions to the unique issues and opportunities facing professional practices."


Peter Saunders, Partner, Professional Practices lead

Key Contacts

Peter Saunders

Peter Saunders

Partner

Peter has been with Deloitte for over 27 years. He leads Deloitte’s Professional Practices Group, acting as audit and advisory partner for several of the UK’s top 20 law firms as well as other people-... More

Jeremy Black

Jeremy Black

Partner

Jeremy is a partner in Deloitte’s Professional Practices group where he has worked for over 20. He provides firms with advice in a range of areas including strategy, mergers, remuneration, financing, ... More

Karen McNicholls

Karen McNicholls

Partner

Karen has advised partnership structures for most of her 19-year career and leads Deloitte’s tax services to the professional practices industry. Karen advises many leading international law firms on ... More

Oliver Hemming

Oliver Hemming

Partner

Oliver is a Partner at Monitor Deloitte, leading the Business and Professional Services sector advising private equity and corporate clients. For his clients he undertakes strategy reviews developing ... More

Chris Donovan

Chris Donovan

Director

Chris is a Director with 13 years’ experience and is based in the Business and Professional Services industry group in London, where he leads Deloitte’s audit proposition for their dedicated Recruitme... More

Louise Cupples

Louise Cupples

Director

Louise is a Tax Director in the professional practices group. She specialises in providing UK and international advice to UK head-quartered law firms. Her clients include a number of the Top 20 UK hea... More

Charlotte Hayter

Charlotte Hayter

Senior Manager

Charlotte is a Senior Manager in the Audit and Assurance department with over eight years' experience and leads the audits of a number of large UK and international clients including for international... More