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Blog

Retaining Profits - Redirecting Emphasis

One of the most troubling issues in law firm finance is the persistent desire of firms to draw more out of the firm than the level of profit that is being created in a year. In an ever more competitive world, it is very risky to weaken the firm’s finances by over-drawing profits.

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Barry Wilkinson - ABS & Beyond

Barry Wilkinson analyses the forces tranforming the legal market and assesses the prospects for independent law firms to maintain their independence.

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Law Firm Performance Improvement - Conversations

Conversations for Cash Flow and Business Development

In my recent Managing Partners Masterclass, one of the subjects we covered was our well established Pipeline Concept – the 5 stages of adding value in a law firm:

Get Client – Get Work – Do Work – Bill – Collect

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Law Firm Cash Flow Management - Design Matters

Is Your Firm Designed to Be Cash Positive?

In recent months I have spent time writing the update to my book Cash Flow Management for Law Firms and have now been asked to prepare a Masterc

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Learning to Thrive

There will be many losers in the coming consolidation, and the squeeze on mid-market and high-street firms from above and below is only increasing, especially as the politics of austerity has hit publicly-funded work and added to the pressures we have previously identified from deregulation

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The Art of Survival

Making sense of the statistics describing the legal market at the moment is far from straightforward. The predictions coming from commentators and even the SRA suggest financial trouble at firms across the market will lead to failures and consolidation.

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