Features and Opinion

  • Yarman Vachha
    Feature

    Zero hero

    2020-01-14T00:00:00Z

    Zero-based budgeting is often seen as a cost-cutting exercise, but used strategically, it can help you grow your business. Yarman Vachha explains the benefits of the approach, and how to implement it in your firm

  • Scott Campbell
    Feature

    Pay heed

    2020-01-14T00:00:00Z

    In April, the government is planning to make changes to IR35 – the rules around the tax treatment of off-payroll contractors. Scott Campbell explains the changes, and how they could apply to your firm

  • Zulon Begum
    Feature

    Raising your game

    2019-07-02T00:00:00Z

    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
    Feature

    Be prepared

    2019-07-02T00:00:00Z

    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
    Feature

    A sneak preview

    2019-04-09T00:00:00Z

    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
    Feature

    Information is power

    2019-04-09T00:00:00Z

    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
    Feature

    Hard cash

    2019-04-09T00:00:00Z

    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
    Feature

    Social media, data protection and cybersecurity best practice

    2019-04-02T12:52:00Z

    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
    Feature

    Share and share alike

    2019-03-12T16:16:00Z

    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
    Feature

    How to find your ideal banking partner and make the move

    2019-02-18T10:13:00Z

    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
    Feature

    Blow-by-blow account

    2019-01-15T00:15:00Z

    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
    Feature

    The road ahead

    2019-01-15T00:06:00Z

    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

  • Outside-380x254
    Feature

    Outside voice

    2018-10-02T00:00:00Z

    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
    Feature

    Share and share alike

    2018-07-03T00:00:00Z

    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
    Feature

    Worth every penny

    2018-07-03T00:00:00Z

    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
    Feature

    Turning over a new leaf

    2018-07-03T00:00:00Z

    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
    Feature

    A picture of health

    2018-04-17T00:00:00Z

    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
    Feature

    Plan ahead

    2018-04-17T00:00:00Z

    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
    Feature

    The bearer of good news

    2018-04-11T15:47:00Z

    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
    Feature

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

    2018-01-05T11:41:00Z

    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.