Features and Opinion – Page 2
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FeatureCashflow forecasting: Forewarned is forearmed?
Barry Wilkinson and Andrew Harris talk about cashflow forecasting in their new podcast.
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FeatureCoronavirus – 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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FeatureMoney 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 firm
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FeatureOn 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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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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FeatureBe prepared
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
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FeatureA sneak preview
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
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FeatureInformation is power
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
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FeatureSocial media, data protection and cybersecurity best practice
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.
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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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FeatureHow to find your ideal banking partner and make the move
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.
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FeatureBlow-by-blow account
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?
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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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FeatureOutside voice
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
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FeatureShare and share alike
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
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FeatureWorth every penny
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
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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