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Law Management Section

Finance

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

lms financial benchmarking survey 2018 cover

The bearer of good news Subscription

17 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

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

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

mark waddilove 140x96

Taking shapeSubscription

11 April 2017By

Getting your business structure right will help you with everything from achieving your goals and attracting external investment, to inspiring your people and planning for succession. Mark Waddilove outlines how to make the bests decision for your business

people shaking hands 1000x1000

Quick fix?

11 April 2017By

Fixed fees are favoured by clients, and increasingly seen as a competitive differentiator. But putting them in place and managing them effectively can be complex. Jenny Beck provides a beginner’s guide to managing in a fixed-fee environment

Barry Wilkinson

Crunch timeSubscription

31 January 2017By

Recent media reports of firms punishing fee-earners for not effectively recording their time have raised questions of why time capture is so important for law firms. Barry Wilkinson argues the case

fish hook catching money 1000x1000

The big catch

31 January 2017By ,

Tendering for legal work is more common than ever for small to medium-sized law firms. Steph Hogg explains how to handle the bidding process, and Sarah Barrett -Vane outlines the specifics for public sector tendering.

jigsaw heart being pulled away by a hand

Heart of the matterSubscription

8 November 2016By

If you are looking to merge or be acquired, you need to understand your firm’s value, and maximise it by effective planning and due diligence. Grania Langdon-Down talks to the experts

john playfair 140x96

Working wondersSubscription

8 November 2016By

Healthy working capital is fundamental to the financial success of any business. John Playfair looks at how firms can improve financial stability by taking a proactive approach to managing working capital

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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