The use of large up-front fees and disproportionate deposits has already resulted in significant cost consequences for one care provider.
The firm’s latest financial results for 2013-14 show revenue growth of 7.2 per cent achieving a £14.5million turnover for the first time in the firm’s 40 year history, up from £13.5million in 2012-13. Net profits increased to £3.3million in 2014, up from £2.3million in 2013, a significant 43% increase in profit.
ACS’s growth has been boosted by a programme of strategic investment in high quality people and new online communication systems that bring greater value to clients.
These investments are now yielding benefits for the 25-strong partnership of 240 staff, explained senior partner Peter Hubbard (pictured).
He said: “This has been a landmark year of growth for ACS and we are greatly encouraged by these results.
“During the past year we have continued to develop as a values led, sector specialist firm with a national influence and a vocational approach to serving our clients.
“Our specialisation is key in order to provide our clients with a depth of great service which is delivered by committed and technically excellent people with a passion for transforming communities and people's lives across the country.
“We certainly see challenges in the market including deregulation of the legal sector, the reduction to the legal aid budget and an increasingly competitive battle for talent.
“I am confident that our firm is very well placed to deal with change in the environment in which we operate and indeed flourish over the next few years.
“Our financial results are testament to the commitment of our people, which is second to none, and I am hugely grateful for their contributions.”
ACS’s confidence in the future is underlined by a string of outstanding achievements for clients across all its key sectors – health and social care, social enterprise, local government and regeneration, faith communities, housing, children and young people, and private client services.
Highlights include the recent landmark ruling in an international surrogacy case brought forward by ACS, which extends the time limit for applying for parental orders, and has far-reaching implications for all areas of child law.
Equally, ACS has been appointed by the Cabinet Office to advise on eight national pilot projects under the Mutuals Support Programme, exploring future options for the delivery of public services.
The government announced on 16 May that it will provide a fund of £400m to cover the costs of removal and replacement of cladding to high rise residential blocks which have failed tests.
Whilst some people are under the impression that preparing a Lasting Power of Attorney (LPA) is simply a case of completing a form and ticking a few boxes, it is about far more than this.
A big fear for some people facing divorce and the inevitable carving up of the matrimonial assets. They seek assurances that such assets will be “ring-fenced” and retained for them.
Thinking about the legal status of being a cohabitant probably isn’t at the top of the ‘to do’ list.
When an individual is thinking about making a gift to another individual, consideration needs to be given to the Potentially Exempt Transfer (PET) trap.
We are now only a few weeks away from the biggest change to data protection laws in over 20 years. Are you compliant?
The tragedy, in this case, is that there were options readily available to the midwives that they could have used. This was not a case of having to go above and beyond.
Arising from the recent Family Division announcement, people who think they are legally divorced may in fact still be married.
The SCCS has issued providers in the scheme a series of updated and new documents in order to assist with their National Minimum Wage review.
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