Start A Law Brand
Backed by Squid
You're ready to start your own law firm and put your name over the door. It's an exciting time; thinking about clients, your brand and your culture. But as a new law brand, it’s likely that you A. don’t have the time to manage the ins and outs of a regulated business on top of delivering expert legal services, and B. you don’t have the skills required to ensure your business’ operations are up to date and compliant. There is a high opportunity cost in being distracted from what you love and do best – advising clients about the law!
How we support your new law brand
Matrix provides lawyers with everything they need to set up a new law brand. Our regulated back-office outsourcing solutions ensure that new law brands backed by Squid have the skills and applications they need to deliver compliant legal services efficiently and effectively.
Helpful Additional Services
Matrix+ provides you with a law brand of your own and then delivers all the back-office systems and support that you need to operate. That leaves space for you to be creative and build your brand. We know you may need some extras to bring your vision to life. So we can provide a range of additional services:
Company incorporation & administration services
Accounting services for your company and its directors
Recruitment services to help you find lawyers to join your firm
Branding, digital, web, social media and marketing
Leadership and management development
Premises & facilities procurement
Financial services, financial planning and lending facilities
Banking
Legal resource on demand
We provide a regulated framework and all its support services
Out of the box, being backed by Squid means you have everything you need to run an SRA regulated law brand. The essentials are all provided, leaving you free to concentrate on your brand, your culture and your clients. We take care of regulation, insurance, systems, compliance, legal cashiering for your invoicing and credit control, handling client money, SRA audits and more.
At Matrix, we have the platform, knowledge and tools to help lawyers and new entrants make setting up their new law brand a success by providing an efficient, scalable and adaptable back office system through our law firm operating system.
We provide everything you need to operate your legal practice, so you don’t have to. Matrix provides you with a complete law firm operating system when setting up a new law brand, so that you have all the essentials to get your practice off the ground, leaving you with the time to focus on delivering exceptional legal services to your clients.
If you are an individual lawyer who wants to climb the legal ladder but doesn’t want to wait until the right position comes along or to borrow a large sum to buy into the equity and an uncertain future, or a group of like-minded lawyers who don’t have the finance or time to take the leap, then read on to find out how Matrix can help you set up a new law brand of your own.
Why choose Matrix to help start your law brand?
We save you time and money
At Matrix, we give lawyers an opportunity to start their new law brand without having to spend months on applications, trying to get PI insurance or selecting and procuring the most appropriate systems and applications or sourcing the right people for regulated roles. We take care of all of this saving you time and money.
We’re flexible
Matrix is a flexible law firm operating system. Our platform can be adapted to fit the structure of your business. We can configure Matrix to your operating model. Alternatively, Matrix can be set up to work right out of the box, which means you can benefit from a tried and tested operating model.
With access to an SRA-regulared structure, we assume the regulatory risk for you
Matrix provides access to an SRA regulated structure, which means your brand will be compliant with the relevant regulations, giving you and your clients peace of mind. Our business quality approach means that you can demonstrate high standards to your clients.
| Task | DIY Law Firm | Powered by Squid |
|---|---|---|
| Choose a Regulator | Your Responsibility | Inclusive |
| Understand the Authorisation Rules | Your Responsibility | Inclusive |
| Arrange PI Insurance | Your Responsibility | Inclusive |
| Appoint Compliance Officers: COLP, COFA, MLRO, DPM | Your Responsibility | Inclusive |
| Choose, Purchase and Configure Systems | Your Responsibility | Inclusive |
| Manage Client Money | Your Responsibility | Inclusive |
| Handle Invoicing and Credit Control | Your Responsibility | Inclusive |
| Annual Regulator Audits | Your Responsibility | Inclusive |
| Successor Practice / Run-off Cost and Risk | Your Responsibility | Inclusive |
| Naming & Branding | Your Responsibility | B+ |
| Website and Marketing | Your Responsibility | B+ |
| Writing a Business Plan and Financial Forecasts | Your Responsibility | B+ |
| Client Acquisition and Retention Strategy | Your Responsibility | B+ |