Know thyself - A Look At Alternative Business Structures

News Article - 19/01/2012 : alternative business structures, law firm management, law firm profitability, solicitors journal, Finance, Finance

I recently wrote a piece about how important it was to be well informed about alternative business structures in order to plan your business and look at your strategy ('Known unknowns', Solicitors Journal 154/15, 20 April 2010). Change is afoot...

Law firm sector mergers on the rise

News Article - 19/01/2012 : law firm profitability, merger, Finance, Finance, Human Resources, Practice Management

Law firms are likely to consolidate across sectors this year, prompting large-scale movement among lawyers.

According to the latest annual research by legal publisher Sweet & Maxwell, 10% of UK law firm finance directors said they...

Making accounts payable pay

News Article - 19/01/2012 : accounts payable, business process management, law firm profitability, risk management, Finance, Finance

Many organisations continue to treat accounts payable as if it were a teller window through which money is slid back and forth as parties struggle to communicate through inefficient microphones. Constrained by this old-fashioned view, such...

Freshfields overtakes CC with turnover of £1.29bn

News Article - 19/01/2012 : clifford chance, freshfields bruckhaus deringer, law firm profitability, law firm turnover, revenue, Finance, Finance

Freshfields Bruckhaus Deringer has trumped Clifford Chance in turnover terms, posting revenue of £1.29bn for the 2008-09 financial year.

This represents an increase of nine per cent from £1.18bn in 2007-08, although it would...

John Banister talks about Wiggin's use of LexisNexis Redwood Analytics

Video - 19/01/2012 : budgeting and forecasting, business intelligence, law firm profitability, Finance, Finance, Technology

John Banister COO talks about Wiggin's use of LexisNexis Redwood Analytics 

...

Watch the exciting new legal application for the PlayBook

Video - 19/01/2012 : business intelligence, cloud, law firm profitability, time capture, time recording, Technology, Technology

Transform your decision making with real time, cloud based business intelligence from rekoop. The rekoop for BlackBerry PlayBookapplication is part of our managed service and once integrated to your existing business systems is sold on a monthly...

The travel and expense automation service trusted by law firms and professional services

Resource - 19/01/2012 : brochure, e-billing, financial management system, law firm profitability, Finance, Finance, Technology

How efficient is your current process for submitting, approving and billing client expenses? How much leakage is upsetting your firm's profits? With Concur, you can automate these manual, inefficient processes, drive down operating costs, reduce...

Darwinism and the legal profession

Resource - 19/01/2012 : feature article, law firm profitability

The phrase "interesting times" could easily be applied to the last two years in legal practice management.

Continuing talk of an economic downturn, anticipated changes in the housing market, a market opened to unfamiliar...

Learning to dance in the rain?

Resource - 19/01/2012 : budgeting and forecasting, feature article, law firm profitability, Finance, Finance, Human Resources, Marketing & BD, Risk & Compliance

One of the lessons that has been learned the hard way over the past few, very difficult months, is that the survival instinct is astonishingly powerful.

From an external point of view it has been...

Leverage: friend or foe of maximised profits per partner

Resource - 19/01/2012 : costs recovery, feature article, law firm profitability, Finance, Finance, Human Resources

Here, in the second installment of his article Scott Nickerson, LexisNexis Redwood Think Tank deciphers the arguments surrounding it.

"There has been a significant amount of debate on the subject of leverage over the past dew weeks, and...

Is the worst behind us?

Resource - 19/01/2012 : budgeting and forecasting, feature article, law firm profitability, Finance, Finance

Some of the most recent headlines in the legal press have been aimed at the recession's impact on large law firms, and would lead one to believe that the industry is in a shambles.  Indeed the world's former largest law firm, Clifford Chance...

Using the recession to a law firm's advantage

Resource - 19/01/2012 : budgeting and forecasting, feature article, law firm profitability, Technology, Technology

With the economy in its current state, and the legal industry perhaps not as recession proof as previously thought, law firms are looking into ways to cut costs in order to improve profits. Previously I suggested ways to improve margins...

Ghosts of christmas yet To come?

Resource - 19/01/2012 : feature article, law firm profitability, Risk & Compliance, Risk & Compliance, Practice Management

You’ve prepared for days and slaved for hours to get the Christmas Dinner to a point where you feel happy about calling the assembled company to the table.  You relax into a dining chair surveying the results.  Yet seemingly only...

Fletchers Solicitors - Reshaping the PI process with Proclaim!

Case Study - 19/01/2012 : case management, law firm profitability, Matter Management, PMS, workflow, Technology, Technology

Fletchers Solicitors is one of the UK's leading Personal Injury claimant practices, specialising in motorcycle cases. The firm has been operating for over 20 years, and now has approaching 100 staff based at its Southport HQ.

...

BH Solicitors experience efficiency gains using Peapod's LegalOffice system

Case Study - 19/01/2012 : case management, e-mail management, financial management system, law firm profitability, legal accounts, workflow, Technology, Technology

B H began using our separate case management and accounts systems OFFICECase and STRONGBox at the beginning of 2006. They have always enhoyed using both systems and have been a very good partner to Peapod over these last 3 years.

When the...