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In this episode of our Legal Sector Resilience Podcast, we’re heading back to looking at finance for the legal profession, and what law firms should take note of for themselves, and for their clients in 2024 – whether they want to grow or diversify and invest in new resources. We also cover the importance many law firms in Wales are placing on advice for succession planning.

Legal News Wales Editor Emma Waddingham is joined by two accounting and tax specialists at Azets: David Holden, a director within the Audit and Business Services department, based in Cardiff, and Iain Sanderson, a Corporate Tax Partner, based in Azets Cardiff and Bristol offices.

This podcast is a must for partners, directors, practice managers, finance directors and anyone responsible for succession planning, financial data, investment and growth in a legal practice, as well as those interested in the implications of tax on law firms and professionals.

David and Iain also share a round-up of the challenges and accounting notes to watch out for in the months ahead.

Stream my conversation with David Holden and Iain Sanderson at Azets (profiles below) now, or listen to the Legal Sector Resilience Podcast on all good podcasting apps. To stream the episode, scroll down or click on the feed to stream from your favourite podcast player here. Don’t forget to favourite / follow our podcast channel to receive the latest episodes as they launch.

Want to know more?

Azets is a specialist local accountants and business advisory group providing audit, payroll, corporate finance, tax and banking. For more information on the Azets team in Wales, please click here.

Guest profiles

David Holden, Director – Audit & Business Services, Azets

David is a qualified member of the Institute of Chartered Accountants in England and Wales. He is a Director within the Audit and Business Services department and based in Azets’ Cardiff office. David has a wealth of experience in working in both practice and Industry since qualifying. His experience includes:

  • Compliance requirements of SME’s including statutory account, VAT and management accounts;
  • Management and completion of audits for a portfolio of SME’s, professional practices including law firms and larger organisations across a range of sectors including technology, construction and manufacturing;
  • Advising on the implementation of internal accounting systems and controls;
  • Benchmarking performance of organisations across sectors and industries and against budget, and providing recommendations on identified weaknesses;
  • Preparing Accountant’s reports to support claims for Government grants.

Click here to view David’s full profile, or to contact him, email

Iain Sanderson, Corporate Tax Partner, Azets

Iain is a Corporate Tax Partner and Chartered Accountant. Iain has a wealth of tax experience having worked at a Big 4 firm for over 27 years prior to joining Azets in 2023.

During his career Iain has worked with a range of clients, advising charities, private business, large businesses, housing association and further/higher education institutions, advising in areas such as restructuring, charity tax and gift aid, tax governance, tax disputes as well as tax compliance.

Iain enjoys working closely will clients, developing strong relationships so he can provide the best possible service which aligns to their needs.

Click here to view Iain’s full profile.

Emma Waddingham

Emma Waddingham

Editor, Legal News

Emma Waddingham is the Editor & Founder of Legal News. She is a seasoned legal editor and journalist and experienced marketing & events consultant, working almost exclusively with the UK legal sector.