Lawyers & notaries - Mazars - Netherlands

Knowing what is going on within the sector

Law firms are commercial organisations. The character of a law firm, however, differs from that of your average company. Cooperation between headstrong professionals places heavy demands on the management and control of the company. The potential conflict between the company’s interests and partners’ individual space creates an extra dimension.

The announced changes in regulations have caused many firms to adjust their organisational form. Many partnerships have recently been converted into a private limited liability company (B.V.) or public limited company (N.V.). The demand for the services of lawyers is increasing. It is evident that lawyers have to distinguish themselves by making choices and conducting active marketing.

Notaries often work together with lawyers, whether or not within the same organisation. They share many characteristics with lawyers. In addition, there are clear differences: a different position, financial supervision. With regard to notaries in particular, the accountants and tax specialists, too, must be acquainted with the similarities and differences in the legislation and regulations applicable to law firms.

Pooling top-quality knowledge

In order to assist clients in this sector with high-quality advice and pragmatic support, specialist knowledge of the sector is essential. This is why Mazars has pooled the practical knowledge of various disciplines – accountants, tax advisers and IT specialists.

Staying up-to-date

The group members have extensive experience with the businesses in the sector. They closely monitor developments in financial and fiscal regulations, IT and business operations that are relevant to lawyers and notaries in order to optimise our services. We have a key indicator database that is used in providing services to our clients.

The expertise of the multidisciplinary group covers such areas as:

• Conversion of partnership into a private limited company or public limited company
• Goodwill structures
• Annual accounts (audit and compilation)
• Optimisation and risk analyses of the company’s fiscal position
• Fiscal structuring of a partnership
• Efficient compliance with the administrative obligations of the partner companies (annual accounts, filing with Commercial Register, corporate income tax)
• Optimisation of the partner’s fiscal position (pension, remuneration, financing)
• Optimisation of financial reporting, internal control and IT
• Support of lawyers’ and notaries’ client activities (partner’s expertise) with regard to financial and fiscal aspects, as well as in relation to accounting and reporting rules
• Key indicators of law firms.