Financial planning advice for lawyers


Finding time to think about your personal finances often comes low on the list, so it’s important to take control and put in place the plans to make the most of your money today and well into the future.

What is financial planning advice for lawyers?

Financial planning for solicitors, barristers and legal executives is a service we offer that provides professionals with expert advice to ensure your wealth works hard for you – leaving you to focus on your clients and developing your professional career. Time pressures and conflicting priorities are commonplace for anyone working in the legal profession, whether you’re a solicitor, barrister or chartered legal executive. Our experience is that lawyers are seeking financial planning and advice in larger numbers. 

Why is financial planning important for lawyers?

Whether you’re a lawyer in the first few years of your legal career, approaching retirement or anywhere in between, financial planning should be an ongoing focus in your life. We’re here to help balance your priorities and navigate the changes that can affect your finances:

team of rathbones staff

How can our financial advice help you?

As we work with so many clients in the legal sector, we have a deep understanding of the intricacies of the profession and the demands placed on people like you. This insight also gives us an in-depth appreciation of the financial considerations that go with a legal career, including irregular income streams.

We advise hundreds of current and retired law firm partners and senior professionals. Our financial planning services for solicitors, barristers and other legal professionals help them navigate the planning landscape with expert advice.

Investing is usually an important part of the process and can affect how much money you will have in the future. There are many other areas in which we have extensive experience to make sure your finances are working hard for you.

We can help with

  • Cash flow forecasting to provide much-needed clarity on your financial future, including understanding when you can afford to retire.
  • Retirement planning to guide you through some of the more complex rules and regulations that could affect your income when you’ve stopped working.
  • Providing advice on drawing down on your various savings pots in an investment and tax-efficient manner.
  • Considering whether you are applying the appropriate levels of risk to the component parts of your portfolio – too much may introduce unwanted volatility; not enough might mean you don’t achieve your goals.
  • Helping you with your internal compliance reporting and meeting compliance deadlines.

    No matter what advice you need as a lawyer, we’ll develop and implement a bespoke financial plan that will align with your goals – whether that’s at the start of your career, in the run-up to retirement or beyond.

Financial advice for lawyers

A career in law comes with attractive earnings prospects, a challenging subject matter and often prestige. Yet working as a solicitor or barrister also requires a lot of sacrifice, which can involve long working hours. We know that when advising lawyers about their finances, their time is valuable, which is why we make it easy to work with us to address your own planning needs.

This includes communicating clearly and concisely. We’re prepared to have shorter meetings and ensure everything is covered in a timely manner. Working remotely can help to facilitate this efficient approach to financial planning, or we can hold meetings in person at one of our offices or somewhere else to suit you.

Our advisers and planners won’t make decisions or recommendations that do not align with your financial situation and goals. It is your financial future – let us help make it work for you.

Get in touch with our expert team today

We will discuss how financial planning for solicitors, barristers and other legal professionals can work for you – and how our specialist advisers can ensure you are prepared for the future.

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