You have probably got some questions, so here are some we’ve already been asked by lawyers in a similar position and our answers too
This is entirely up to you. From a tax perspective it is certainly more tax efficient to bill My Business Counsel for your consultancy fees via a limited company. However, we suggest that you take separate tax advice in respect of this.
My Business Counsel has developed an online tool, which can also be accessed on a mobile device, called MBC Link. MBC Link is what we use to bridge the distance gap between you and us back at central office. From MBC Link you will be able to complete a Support Request selecting one of the options for support. If you wish to set up a new client, then you would select ‘New Client Set-Up’. By completing this ticket and pressing send, this generates a support ticket which is then used to undertake the requirements of that ticket. You can monitor the progress of your request on a dashboard, or pick up the phone to the MBC Support Team. You will be kept fully informed via the MBC Link communication page with any questions or queries, and notices of completion.
Upon full receipt of funds from the client for the MBC invoice an email will be issued to notify you when the bill sum has cleared in our account and to request submission of your consultancy fees invoice. This invoice can be sent from you direct, or from your limited company
Your corresponding consultancy fees invoice must then be sent to our Support Team via a ticket request on MBC Link. Your invoice must outline the fees payable by MBC in respect of work completed and be calculated in accordance with the agreed percentage split. Payment of consultancy fees are made on the second and last Thursday of each month. Consultancy fees must be received by the MBC Support Team on or before the immediately preceding Tuesday to ensure that your invoice is paid on the given two aforementioned dates. If the deadline is missed, your invoice will be included in the following payment run.
Our fee division is outlined on this page Working with us
Our target is the High Net Worth and Business market. If your specialism is mainly domestic consumer, such as PI, immigration, criminator conveyancing, we will be unable to recruit you.
Yes certainly, please complete the form on the Join Us page including as much detail as possible. Our Careers Development team member will then respond and guide you on how best to proceed. We have a staged enrolment process, with one aspect dedicated to transfer of clients. This process has been agreed with the Solicitors Regulation Authority.
Once we receive the completed form, our Careers Development Team will assess your suitability to join My Business Counsel and respond to you with any comments or additional questions, or arrange a telephone call to discuss your application further.
Now that you have decided that you wish to exit private practice and join My Business Counsel, the first stage is to compete the form on the Join Us page attaching your CV and await to hear from our Careers Development Team.