ML188: Business Planning- Legal Services to Support Digital, Media & Technology Companies- Business Assignment Help

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Business Assignment Help:

Task:

You plan to set up a new law in 2019 with focus on providing legal services to support digital, media and technology companies in Brighton and Hove.
You and your directors will each head up a different service department depending on your chosen legal specialism. Each director will also have responsibility for one of the following overhead departments; information technology, marketing, human resources and office administration.

The business intends to rent or lease a property in Brighton and Hove, with office space for up to 10 staff and a meeting room for clients. The plan should include capital (non-current asset) purchases including computing equipment.

Part 1 Finance Plan

Produce a detailed financial plan for your law firm from January to December 2019. Use the ‘report background’ (see page 1) as your guide to the key tasks to include. In addition to a obtaining a bank loan, from April 2018 you need to pitch your idea to a panel of investors to obtain equity investment to set and grow the business. Assume there will be a 50:50 split between equity and debt invested in the business.

High marks will be awarded for innovative client fee models, realistic sales targets, profit margins and overheads for a start-up law firm.

Part 2 Business Plan

Using the financial information provided in Part 1, write a report to support a loan application to be used in face to face meetings with high street banks.

 

Uploaded By : jack
Posted on : April 17th, 2018
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