Steve Carter

Steve trained as a Chartered Accountant with Ernst & Whinney (now Ernst & Young), qualifying in 1984. Steve has over 30 years’ experience advising the key participants in the UK legal sector including law firms, litigation funders, After the Event insurers, and banks. Prior to joining SpectraLegal Limited, Steve was Head of Baker Tilly’s Professional Practices Group in the North where he primarily focused on assisting law firms with their strategic decision making drawing on his extensive experience and relationships within the UK legal services market. Steve is a committee member of the ICAEW Solicitors Special Interest Group (SSIG) and regularly lectures on a range of issues for the ICAEW, Law Society and other organisations.

One of Steve’s particular areas of expertise is assessing the profitability of law firms involved in litigation utilising CFA and DBA retainer arrangements and assisting them raise capital from banks and other sources of funding.

Steve has advised on a number of high profile sales of law firms and on the structure and business model of many of the new ABS’s, especially post LASPO.

Steve has extensive experience in the After The Event insurance marketplace and has worked with numerous firms to help them set up Captives. Steve is also an expert on LLP accounting and the taxation of Conditional Fee arrangements.