How to set up a law firm (Part 1)

Michael Culver, founder and director of Culver Law and Chair of Solicitors for the Elderly joins Today's Wills and Probate Podcast host David Opie to discuss his experiences of setting up Culver Law in 2021. Michael shares his motivations for setting up on his own and the the ups and downs of the set up process, from applying for professional indemnity insurance, writing the business plan, submitting his application for registration (and answering the subsequent queries!) and challenges with his client account. And that's all before he even started! Michael moves on to share his thoughts on the progress being made around digital and the impact that will have on the profession. He acknowledges that there will be teething issues but suggests that the direction of travel is positive. He has been vocal around ensuring there are clear checks and balances when it comes to the digital journey to protect those most vulnerable from exploitation, and while progress is being made, there is still work to be done here. The discussion also reflects on the changes in the industry beyond technology and how this will impact private client practice over the next 12-18 months.  The conversation considers the LPA bill, the impact of more applications to the Court of Protection (and providing deputies with greater powers) also flags the tax changes which will lead to some interesting planning work for practitioners. Part 1 of "How to set up a law firm" will be followed by a part 2 later in year as another recent law firm founder joins the Today's Wills and Probate podcast to share their experiences.  The Today's Wills and Probate podcast is available on your preferred podcast provider, and at www.todayswillsandprobate.co.uk. Subscribe today to hear all the latest news and views across the wills and probate sector.Thank you to our podcast sponsors LEAP Estates, Estate Research, Property Ladder Group and Finders International.