Financial benchmarking survey 2021 - deadline extension
The deadline for the Law Management Section Financial Benchmarking Survey 2021 has been extended.
The Law Management Section Financial Benchmarking Survey 2020 report
The results of the Financial Benchmarking Survey 2020 are out.
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
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
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
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
Cashflow forecasting: Forewarned is forearmed?
Barry Wilkinson and Andrew Harris talk about cashflow forecasting in their new podcast.
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).
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 firm
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
