Features and Opinion
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FeatureProfessional indemnity insurance: Claims trends to be aware of in 2022
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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Go with the flow
Barry Wilkinson gives his tips on how firms can effectively manage their cashflow
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Our 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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Sting in the tail
Peter Scott examines the financial issues facing firms in the long tall of the pandemic
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Hard 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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In the balance
Andrew Allen investigates how law firm balance sheets will change over the next few years
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First 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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Law 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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Stormy 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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About 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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Recession-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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The 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
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Cashflow forecasting: Forewarned is forearmed?
Barry Wilkinson and Andrew Harris talk about cashflow forecasting in their new podcast.
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Coronavirus – practical financial and tax guidance to law firms
Andrew Allen collates guidance for law firms to help them through the coming weeks and months when they face the business challenges arising from coronavirus (COVID-19).
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On the money
In the first of a new series, Paul McCluskey looks at how law firm banking has changed in the last decade, and what impact third-party managed accounts could have in future
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Money matters
Law firms face the challenge of managing the tension between professionalism and commercialism. Most provide high-quality advice to clients, but many struggle with capturing a fair share of that value and turning output into profit and cash. Alex Shacklock looks at how to improve commercial performance in any law ...
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Raising 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
