May 2014

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Under the banner

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Robert Banner, new chair of the Section executive committee, outlines his plans for the Section, including helping firms through financial stability issues, and supporting smaller firms with practice management challenges

Features

Andy Harris

How do you compare?

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Our 2013 Financial Benchmarking Survey report is out now. Fees and profits are up once again, but partner capital is down, and many firms show signs of financial stability issues. Andy Harris introduces the results of the survey

Caroline Roddis

In the round

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For a struggling firm in this difficult market, might a merger be the best option, or should it try to succeed alone? This was the issue presented to our executive committee at a recent roundtable discussion. Caroline Roddis reports

Culture club

Culture club

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In challenging times, law firms need to keep changing to keep pace, and that means having an appropriate strategy. But what fewer firms consider is whether their culture supports – or undermines – those efforts, and what they can do to make their culture work for them. Julie Harrison explains

Clare Boardman

On the money

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In today’s challenging marketplace, firms need to be able to spot potential financial problems early and take decisive action. Clare Boardman provides an accountant’s perspective on the steps a firm needs to take to secure its financial future

Sue Bramall

Measure for measure

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Knowing which marketing activities work best is key to efficient business development for law firms. Sue Bramall explains how to plan for and measure your marketing for maximum impact

Innovation

In with the new

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Innovation in law firms may seem like a fad, but in a fast-moving and increasingly challenging market, it is an essential tool for survival. Ava Madon explains why, and how to make it a reality in your firm

Nicola Manning

Manning of the hour

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Nicola Manning of McMillan Williams on promoting diversity in the profession

Paul Newton

Training ground

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In the first of a two-part series on getting the best out of trainees, Paul Newton, training principal for a medium-sized firm, provides a personal perspective on trainee recruitment and selection

Steven Petty

Office politics

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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

On the map

On the map

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Process mapping, and especially value stream mapping, can help law firms to understand how they do things, and how they can meet client needs more productively and profitably. Antony Smith explains how to make it work for you

Gary Richards

Standing strong

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When you’re faced with a particularly challenging client, it can be daunting to think about either asking them to change their behaviour, or ceasing to act for them. But, says Gary Richards, sometimes this is exactly what you need to do

Michelle-Garlick

The flip side

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It can sometimes feel as though the regulatory obligations imposed upon lawyers only continue to grow. But, as Michelle Garlick and Joanne Smith assert, active compliance can also bring a raft of benefits to your firm

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