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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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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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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FeatureRaising your game
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
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FeatureShare and share alike
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
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FeatureThe road ahead
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
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FeatureTurning over a new leaf
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
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FeatureHeart of the matter
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
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FeatureBig thinking
Big data isn’t about sheer volume of data – it’s about how to use the data available to make effective business-critical decisions. As Charles Christian explains, it can help you to understand your business better, recognise trends and improve performance
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FeatureA flying start
What are your new year’s resolutions for your business in 2016? Top of the list should be analysing and managing profitability, according to John Playfair . He provides his top five tips for improving law firm profits, to ensure you realise your full potential
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FeatureEmergency exit
With firms feeling increasingly squeezed from all sides, it may seem tempting to divest yourself of underperforming practice areas. But getting it wrong could just make things worse. Grania Langdon-Down looks at the dos and don’ts
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OpinionStaking a claim
The legal regulators are predicting major change for the profession in 2015 in response to market and client pressures. Ian Muirhead presents an overview of potential competitive threats from the financial services
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FeatureTaking stock
When Tony Stockdale began working with Linder Myers, the firm was on the brink of collapse. In conversation with Caroline Roddis, he explains how he turned the firm around, and what he thinks the future holds
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FeatureLock and key
Setting and monitoring key performance indicators can help law firms to focus on the factors that most affect their success. Andrew Otterburn provides a beginner’s guide
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FeatureOffice politics
As firms struggle to adapt to the pace of change in the legal market, premises costs can make the difference between success and failure. Steven Petty explains how you can manage these costs to the benefit of your firm
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FeatureManaging for Success February 2013
This edition features the Financial Benchmarking Survey, ABSs, retirement planning, regulatory change, a business health check, data protection, client care letters, PR, change management, risk management, fees for PI work, and pensions auto-enrolment
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FeatureManaging for Success August 2012
This edition features ABSs, becoming a niche practice, tax planning, legal project management, using your partner reward system to achieve competitive advantage, and the challenges for legal businesses of the move towards paperless courts
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FeatureManaging for Success May 2012
This edition features the LMS Financial Benchmarking Survey, how to access and use business intelligence, the Lexcel and the Excellence in People standards, ABSs, leadership, compliance planning, whistleblowing, and lean techniques