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Law Management Section

Finance

Zulon Begum

Raising your game

2 July 2019By

From partner capital calls to public listing, there are many options for law firms looking to raise capital for growth and investment. Zulon Begum looks at the challenges and benefits of each approach

Rosy Rourke

Be prepared

2 July 2019By

The new SRA Accounts Rules will come into force on 25 November 2019. Rosy Rourke of Armstrong Watson outlines the changes, and what law firms should be doing now to prepare

Andy Harris

A sneak previewSubscription

9 April 2019By ,

The 2019 Law Management Section Financial Benchmarking Survey will be published very soon. In the meantime, Andy Harris , lead author of the report, gives a sneak peek at some of the key findings

Data - woman holding a phone connecting to a chain of information blocks

Information is power

9 April 2019By

The idea of being a data-driven business can sound intimidating – something best left to PhD statisticians and data scientists. But monitoring data at your firm doesn’t need to be difficult, and it can bring real benefits. Derek Fitzpatrick explains

Barry Wilkinson

Hard cashSubscription

9 April 2019By

Law firms often focus on profits, but cashflow is far more important to the success of your firm, says Barry Wilkinson. But what are the key causes of cashflow difficulties, how can you tackle them, and how can you avoid them in future?

social media icons

Podcast: Social media, data protection and cybersecurity best practice

2 April 2019

It can be a struggle to understand the nature of social media. The top 10 law firms in the UK think that cyber threats are a major concern when using social media platforms.

Sally Azarmi

Share and share alike

12 March 2019By

New coworking and shared workspaces are popping up all over England and Wales. But can they work for law firms? Sally Azarmi outlines the benefits she’s found since she started coworking

Piggy bank

How to find your ideal banking partner and make the move

18 February 2019By

With the RBS Business Banking Switch launching on 25 February, more firms than ever will be weighing up a move to a new bank. Sara Hutton explains what you need to consider.

Andrew Allen

Blow-by-blow accountSubscription

15 January 2019By

Andrew Allen provides an overview of the changes to the SRA Accounts Rules, expected to come into force in April 2019. What are the challenges and opportunities, and what do firms need to do now to prepare?

Andrew Otterburn

The road aheadSubscription

15 January 2019By

Members of the Law Management Section committee led sessions at a roadshow this winter to highlight the opportunities and challenges in the year ahead for law firm financial advisers and finance directors. Andrew Otterburn reports back

External investment in the legal sector 140x96

Outside voice

2 October 2018By

External investment is increasingly common in the legal sector, and for all sizes of firm. But is it for you? Tom Blandford helps you decide

Robert Postlethwaite

Share and share alikeSubscription

3 July 2018By

Involving employees in the ownership of a business can improve performance, motivate your people, promote team spirit and cohesion, and support succession planning. Robert Postlethwaite looks at the options for law firms

Vanessa Ugatti

Worth every penny

3 July 2018By

Lawyers are not good at charging their true worth. They take their expertise for granted. They go out of their way to deliver for clients. But if you charge your true worth, you will generate more income without having to get more clients. Vanessa Ugatti explains

simon mccrum

Turning over a new leafSubscription

3 July 2018By

The Law Management Section’s Finance and Business Forum takes place this November. Simon McCrum provides a sneak peek of what he’ll be talking about in his session: why turnover is the wrong measure of a law firm’s success

Andrew Otterburn

A picture of healthSubscription

17 April 2018By

Financial stability is making headlines: a string of big names have declared insolvency in recent months, many after issuing profit warnings. Andrew Otterburn provides a simple guide to measuring and monitoring your firm’s financial health

Jake Fox

Plan ahead

17 April 2018By

The subject of succession planning is one that law firms are spending a lot of time considering, so just be aware of the implications on your PII cover, writes Jake Fox

lms financial benchmarking survey 2018 cover

The bearer of good news Subscription

11 April 2018Updated: 13 April 2018By

This year, for the first time, the Law Management Section’s Financial Benchmarking Survey report is free for all practices. And the results show continued improvements across the market. Andy Harris explains

steve deutsch black and white

Four steps to improve your firm’s cash flow in 2018

5 January 2018By

A recent survey has revealed that over half of Britain’s SMEs are owed nearly £45 billion in late payments, placing severe strain on working capital. Steve Deutsch outlines some simple steps that small businesses - law firms included - can take now to bolster their balance sheets.

Andrew Otterburn

Made to measureSubscription

10 October 2017By

In your financial reporting, do you focus on fees and hours? If so, you’re missing a trick, according to Andrew Otterburn. Focusing on gross profit can help you with everything from gearing to pricing, and productivity to teamwork. 

zoe holland 140x94

Up close and personalSubscription

4 July 2017By

With fixed recoverable costs looming on the horizon, personal injury firms and departments must make a decision: adapt to survive, or stop practising in this volatile area. Zoe Holland looks at the options

All Features and Opinion

Benefits of Membership*

Law Management Section renewals

The Law Management Section will provide you with support, advice, networking opportunities and enable the sharing of best practice with peers.

The current Section Engagement Programme has been created in consultation with the Section Committee and will focus on key issues including:

  • Practice Management
  • Talent Management
  • Financial Management
  • Staffing Models
  • IT
  • Client Focus
  • Cyber Security

These issues will be addressed through a range of activities including: Webinars, Magazines, Regional Forums, Seminars, a Conference, Website, E-newsletters and a LinkedIn Group.

*See Section terms and conditions

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