Features and Opinion
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FeatureValue creation and AI – a race to the bottom?
For the better part of 12 months, artificial intelligence has been the talk of the town. Though beneficial, many have their concerns about what AI could mean for the future of the legal sector
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FeatureCalm after the storm
Douglas Russell and Sally Jones, at Law Society partner Armstrong Watson, give their advice on how to navigate the best course to more stable economic times for your firm and clients
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FeatureBetter times ahead?
Are there better times ahead for professional indemnity insurance? Chris Marston, chief executive of LawNet, explains why he thinks this is likely
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FeatureThe benefits of specialist VAT loans
Managing cashflow and tax liability is one of the most significant hurdles for law firms. Law Society partner, STAR Professions, looks at how specialist VAT loans can help ease the burden
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FeatureProfitable partnerships
Andrew Allen considers the upcoming basis period change and its impact on law firm partnerships
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FeatureExit strategy
Jeff Zindani discusses how to ensure the successful sale of a legal business, the questions to first ask yourself, and ways to ensure both the best price and a lasting legacy for your hard work
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FeatureInsurance: cyber cover
Caspar Rogers explains the basics of cyber insurance cover and how this fits in with your firm’s professional indemnity insurance.
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FeatureProfessional indemnity insurance: claims trends to be aware of
Ryan Senior, senior vice president at Paragon, examines trends firm leaders should be aware of in the professional indemnity insurance market in 2022
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FeatureGo with the flow
Barry Wilkinson gives his tips on how firms can effectively manage their cashflow
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FeatureOur survey says
Andy Harris shares some of the key findings from the 2022 Law Management Section Financial Benchmarking Survey, and gives his thoughts on challenges for firms to focus on, this year and beyond
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FeatureSting in the tail
Peter Scott examines the financial issues facing firms in the long tall of the pandemic
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FeatureHard times
Jenny Screech offers some practical tips to help ensure your PII renewal process is as smooth as possible this year
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FeatureIn the balance
Andrew Allen investigates how law firm balance sheets will change over the next few years
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FeatureFirst peek
The 2021 Law Management Section Financial Benchmarking Survey will be published in the next couple of months. In the meantime, Andy Harris, author of the report, shares some of the early findings
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FeatureLaw firm debt and funding: is there a tiff on the horizon between firms and banks?
Andrew Allen looks at how the debt profile of many law firms has changed since the start of the COVID-19 pandemic, how this has affected the relationship between law firms and banks, and what firms can do to address their debt and funding now
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FeatureStormy skies
Andy Harris looks at the financial challenges ahead for law firms in the next few months, and what you can do to minimise the impact on your firm, including through effective forecasting
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FeatureAbout time
Did you know that switching tasks too often could eat up 40% of your productivity? Or that lawyers typically bill only 31% of their time? Colin Bohanna looks at the value of time management – and how you can improve yours
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FeatureRecession-proofing: the benefits of variable costs
David Turney is happy to report that his firm is “virtually” recession proof – because it keeps its costs variable rather than fixed wherever possible. And this approach also results in a happier team and happier clients
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FeatureThe big five
Jo Morris outlines the changes brought in by the Fifth Anti-Money Laundering Directive, and what you need to do to ensure your firm is compliant