2022 - A BUSY YEAR FOR JACOBS LEGAL


2022 has been a year in which dentistry has attempted to return to normal – whatever the “new normal” will be.


After 2 years of a pandemic which has had a massive impact on the way in which the profession now operates, we are still very unsure as to how the future of NHS dentistry looks.


Throughout the last 12 months, Jacobs Legal has continued to keep busy in what continues to be an extremely competitive market. Having had a presence on social media for some time, we felt that it was time for a website to enable potential customers to find out more about the team, what all of us do and what services we can offer.


Being on social media without a website results in those wanting to find out more about JL disappointed and therefore, in April 2022 our fully functioning site went live and is continually being developed.


We have been instructed on over 30 matters this year, transactional and contentious and a selection of these now appear on the Case Studies page on our website.


We are delighted that our clients have provided us with excellent reviews on Google which is the icing on the cake.

Christmas is upon us and as the New Year approaches, it is a time to reflect upon what has been achieved this year and what we will continue to provide going forward.


May we take this opportunity to wish all our clients a peaceful Christmas and a Happy New Year and we look forward to seeing you in 2023!

Principal vs. Associate-Led Dental Practices: A Financial Analysis

20 September 2024
Understanding the Leadership Structure The leadership structure of a dental practice can significantly impact its financial performance. There are two primary models: Principal-led and Associate-led. Principal-led: In this model, the principal dentist owns and operates the practice, assuming full financial and management responsibility. Associate-led: Here, the dentist is a self-employed contractor to the practice, the principal dentist having the responsibility to provide patients and where necessary, to offer assistance and advice. Financial Implications Income Distribution: Principal-led: The principal dentist retains all profits after expenses, potentially leading to higher income but also greater financial risk. Associate-led : Associates receive a percentage of the fees that they generate as income, providing more financial stability but limiting earning potential. Overhead Costs: Principal-led: The principal dentist is responsible for all overhead costs, which can be substantial. Associate-led: The Associate is responsible for a share of the lab expenses that they generate Debt and Risk: Principal-led: The principal dentist is personally liable for any debts or financial obligations incurred by the practice. Associate-led: The associate is not responsible for the practice’s debts and liabilities. Succession Planning: Principal-led: Succession planning can be more complex, as the principal dentist must find a suitable successor or sell the practice. Associate-led: Succession planning can be easier, as associates may have an option to purchase the practice or continue working under new ownership. Financial Considerations When evaluating the financial implications of a Principal vs. Associate-led practice, consider the following factors: Personal financial goals: Are you seeking higher income potential or a more stable income stream? Risk tolerance: How comfortable are you with assuming personal financial risk? Long-term goals: What are your plans for the future of your dental career? Local market trends: Are there any trends that favour one model over the other in your opinion and experience? Conclusion The choice between a Principal-led or Associate-led dental practice sale and purchase depends on your individual circumstances and financial goals. By carefully considering the financial implications of each model, you can make an informed decision that aligns with your professional aspirations and long-term success. Feel free to contact us for more help and advice.

Purchase Completed in York

19 August 2024
Congratulations to Joanne Nurse on the acquisition of a share in Adventurers Day Nursery in York. Joanne now becomes co-owner of the nursery with Helen Nurse. Many thanks to everyone involved in the transaction, especially Amardeep Nangla for his work done on the property side and all those at Barclays Bank who helped facilitate this transaction. All at Jacobs Legal wish Helen and Joanne all the best for the future and much success in the years to come.
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