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Law Society of Scotland appoints Wesleyan as Practice Finance Expert

The Law Society of Scotland has appointed Wesleyan, the specialist financial services provider for lawyers, as its expert partner providing commercial and personal financial advice to sole practitioner solicitors and high street law firms.

This commercial partnership recognises Wesleyan's expertise in working with small legal practices and means the mutual and its team of financial consultants in Scotland will be able to provide commercial funding and advice to law firms of up to six partners.
Wesleyan will also provide information on how legal professionals can grow their businesses and look after their personal finances through a dedicated web portal, seminars and articles. It will also run educational events on commercial and personal finance with the Law Society, as well as arrange in house training.

Lorna Jack, Chief Executive of the Law Society of Scotland, said: "Wesleyan has shown it understands the financial pressures law firms face and how it can help solicitors ensure their financial viability over the long term to enable them to develop and grow. I'm very pleased to announce this new partnership and look forward to working with Wesleyan in helping our members achieve their business goals."

Alec Collie, Wesleyan's Area Manager in Scotland, said: "We have worked hard to build relationships with the legal sector in Scotland and are delighted to form this partnership with the Society.

"We work with legal firms every day and understand their financial needs, whether that be short term loans, such as supporting cash flow for tax and VAT payments and finance for Professional Indemnity Insurance, or for larger costs such as capital expenditure and equity buy-ins. We also advise individual lawyers, ensuring their personal finances are in shape throughout their career to retirement and beyond."

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2018 Wesleyan Assurance Society