For firms practicing the law, finance has become a more fundamental issue than ever before.
Our 90 Day Finance Programme is the perfect solution for law firms facing extra pressure on their finances, in what are increasingly tough times.
We are leading experts on cash management for law firms, and have over fifteen years’ experience helping lawyers to improve cash flow, reduce costs in a sustainable way, and increase revenue.
- Immediate Impact on your firm’s finances – you will start to see results within a month, and by 90 days you will be enjoying much higher levels of partnership profit
- Experienced and highly-qualified professionals guiding you through our proven, results-oriented programme
- User-friendly management information documents provided by us, using your accounting information
- Past clients have achieved an 8% monthly lock-up reduction
The programme is based on our Practice Profit Pipeline model, and focuses on setting standards in order to identify and eliminate exceptions. We build the financial model of each department and evaluate capacity, comparing this with current performance.
We then help the firm to launch their own bespoke ‘campaign’, focusing at first on cash flow and turning ‘lock-up’ into money in the bank. The emphasis is on performance measurement and improvement at an individual, departmental, and firm-wide level, ensuring that partners and finance staff have suitable management information to ensure major improvements.
Once the firm’s cash flow is strong and stable, we complement the cash management campaign with cost reduction and sales improvement techniques, emphasising at first the short term imperatives for the partnership - profit - and then looking to the medium term future to ensure sustainable growth and development.
“The thoroughness and transparency of your approach, even when faced with complex issues, is a great comfort to me as managing partner both in understanding your recommendations and enabling me to convince our partners of their validity… Your advice is always appreciated.”
Managing Partner - 18 Partner Firm, Central London