Legal audit

Safeguarding your business is crucial, and one effective way to do this is through a legal audit.

With over 35 years of experience in commercial law, John King has the experience to spot problems and opportunities quickly and address them at a highly proportionate cost. John’s audits typically focus on internal and external relationships including contracts and commercial law issues, employment protection and data protection. If identified and required we have highly experienced specialist lawyers for expanded, bespoke audits covering other specialist areas of law.

Our initial fact-finding assessment is generally, (subject to a preliminary assessment of whether your business is the type we work best with) ,free of charge, with no obligation to continue using our services.

Who we work with

We work with a variety of businesses, from early-stage growth through to businesses with turnovers often between £1,000,000.00 - £10,000,000.00. We have found that businesses at this stage of their growth benefit from an assessment of their contracts, structure, compliance and forward planning for investment and possibly exit.

Why Consider a Legal Audit

Excellent reasons for your business to invest in a cost-effective legal audit include:-

• Contract reviews - as your business grows, dealings typically become more complex and riskier and your existing contracts may no longer be fit for purpose. We evaluate agreements with suppliers, customers and are able to recommend changes and identify to key risk areas such as incorporation of terms, termination, and limitation of liability. .

• Risk Management and compliance – we identify potential legal risks and liabilities that your company may be exposed to, such as data protection and GDPR risks – our expert Phil Parkinson is part of our team.

• Shareholders and directors - Ensuring compliance with UK company law, including directors’ duties, directors service agreements, shareholder rights, and statutory obligations and reviewing the adequacy of your Articles of Association and any shareholders' agreements.

• Opportunities and planning for growth or exit - assessing whether you are investment or sale ready, anticipating and addressing potential legal issues that may arise during an investment or sale process and advising on potential legal red flag issues which might put off future investors or buyers.

Recent work examples

• Legal audit for a motor finance company to put in place all preparatory steps for an eventual exit.

• Legal audit for a logistics and storage company leading to a review and amendment of their terms and conditions of business to limit any potential liability.

• Legal audit for a property management and development company to incorporate post termination restrictions within the employment contracts to protect the company's goodwill.

Next Steps

After initial assessment, we suggest a follow-up meeting to discuss our initial findings. You remain in full control of the process and decide which, if any, recommendations you would wish to proceed with.

Protect your business and plan for an even more successful future – reach out now to ensure a secure and compliant future.