Finance Resources

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Downloadable and online resources about finance from LSN and our networkpartners.

  • Aderant study: Improving law firm operational efficiency a pivotal opportunity amid pricing pressure

    13/09/17
    finance
    According to a new study – the 2017 Aderant Business of Law and Legal Technology Survey which is being released today, the top two challenges facing law firms today are pricing pressure and operational efficiency among 16 choices. Improving operational efficiency as a driver of profit, therefore presents a key opportunity given the law firm economics of time and billing.
  • Aderant Think Tank blog: Five themes in legal pricing and the business of law

    06/09/17
    finance
    Law firms haven’t “upended” the partnership model just yet, but they are facing headwinds and are the source of a major trend unfolding in the legal market. While artificial intelligence is grabbing much of the attention, in the background law firms are rethinking the traditional partnership model and focusing on becoming better businesses.
  • Avoid merger meltdown – LPM magazine, September 2017 – Plug and pray

    This month, LPM magazine delves into the pitfalls legal businesses fall into during M&A – and how they can avoid them to secure a successful union
  • Briefing supplement: Intelligent businesses

    31/08/17
    marketing & bd
    In this supplement Briefing, with the help of supplement sponsors Prosperoware and LexisNexis Enterprise Solutions explores business intelligence, reporting and what analytics should be working harder for your firm.
  • HBR Consulting: Why global law firms must prioritise anti-money laundering policies

    23/08/17
    finance
    In 2015, 11.5 million documents referred to as the Panama Papers were leaked from a Panamanian law firm and revealed widespread global tax evasion involving notable individuals (including FIFA soccer officials and the Icelandic Prime Minister).
  • CVAC guide - Agency interview

    21/08/17
    finance
    If you are looking for a new job, your strategy should include registering with recruitment agencies. A good recruiter will make your job search much easier and is an important element in your search for a new job.
  • LEAP: Ensuring the long term growth of your law firm - Stay ahead of the curve by staying ahead of the curve

    15/08/17
    technology
    Your law firm is a business. Like all businesses, growth and profitability is paramount. You want to see your client base grow and your profits increase, year on year. Even more importantly, you don’t want to go backwards just because you are so involved in the business you need to keep your eye on the bigger picture. You may have other goals – opening another office or being recognised as experts in a niche field. Whatever your measure of success, you want it to endure.
  • Balance Secret Series: Getting under the skin of the legal finance profession

    09/08/17
    finance
    The Balance Secret Series provides an insider view on the realities of working within the different specialist roles that occupy a law firm finance department. These are real accounts from specially selected professionals who have developed highly successful careers within their chosen fields. Under the cover of anonymity, the Secret Series allows you to find out the good, the bad and the ugly....
  • Paragon gives advice on where to start when complying with the new money laundering regulations

    The Money Laundering Regulations 2017 have been in force since 26th June. While the SRA have said that they are taking a proportionate and pragmatic approach as firms take steps to comply with the new requirements, there is no indication of what this means in practice and is likely to be of little comfort if your firm comes under scrutiny.
  • Career Legal: What you need to know about the money laundering regulations 2017

    Finalised in mid-2015, the ‘Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017’ was only just recently approved by parliament and commenced on the 26th June 2017. Despite being aware of it for over two years, firms have only had access to a draft version of its content since March 2017 and as such, have had a notably limited amount of time to prepare for the new regulations.
  • Nasstar: Law firm short-termism - Bad for law firm tech long term?

    01/08/17
    finance
    I’ve been reading up recently on the growth of the Amazon business and was intrigued by founder Jeff Bezos’ constant refrain that Amazon is a long-term business – in fact he still describes the company as having a start-up mentality. His point is Amazon was never intended to be a get-rich-quick scheme that would yield immediate benefits but one that would develop over years (and decades) into an industry giant.
  • CVAC guide – Job searching

    31/07/17
    finance
    Recruitment is a major cost for most organisations, taking into account agency and social media fees, staffing, advertising and other overheads. Sourcing candidates with the relevant experience, skill set and culture fit can be a struggle for HR and hiring managers.
  • Deltek: How to create project efficiency while delivering profitability

    Deltek explain how to deliver cost-effective projects that are also rewarding for your financial position.
  • Dun & Bradstreet study: Leveraging data and analytics to pursue the customer experience

    27/07/17
    finance
    We are deeply embedded into the age of the customer, and the key to survival is data-driven and insights-driven customer obsession. Forrester’s research shows that positive customer experience (CX) correlates to greater increases in revenue and profitability. In February 2017, Dun & Bradstreet commissioned Forrester Consulting to evaluate how enterprises are leveraging data and analytics to drive decisions and strategy in pursuit of customer obsession and the role the CFO plays in achieving that goal. Forrester conducted an online survey of 250 finance executives at organizations with $150 million or more in revenue to explore this topic.
  • Industry interview with Encompass: At one with the fourth

    24/07/17
    finance
    Wayne Johnson, CEO at Encompass, speaks to LPM about how firms can ensure compliance with the EU’s Fourth Anti-Money Laundering Directive at a reduced cost