Starting a practice guide

Congratulations on taking the first step to setting up your own practice. While establishing your own firm can bring many rewards, it pays to spend time at the outset planning how your business will operate. You will want to ensure that your new practice complies will all relevant legislation, rules and regulations.

This guide is designed to help you start out on the right path by getting you to consider some of the main requirements and relevant points for starting and operating a legal practice in Scotland.

As you think about your new venture, one of the first considerations is to research the market you are entering and consider what will set your new firm apart from competitors.

The type of practice you form will affect how your business operates and develops. Are you planning to operate as a sole practitioner, a traditional partnership, a limited liability partnership or a limited company? It would be advisable to speak to an accountant and a corporate solicitor before making your final decision.

If you want to talk to us before setting up, please contact our professional practice team on 0131 226 8896.