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Innovation and IT trends

In our article on Innovation, Effectiveness and Efficiency, we referred to Peter Drucker’s observation that in some industries innovation is not taken seriously: “The people who work within these industries  ... know that there are basic flaws. But they are almost forced …

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Performance Measurement - Misleading Indicators?

Some of the recent changes in the market could mean that in some firms the main performance indicators which are used may not be giving a true picture of current performance it has long been said in the consultancy world that …

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Staying Out of Financial Difficulty

Following our article in March addressing the issues raised by the identification of three key financial warning signs that the SRA will use to assess firms’ financial stability, the SRA has now announced that it has identified 150 firms it deems …

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Mind your P's and Q's

With the recent announcement by the SRA of three key financial ‘warning signs’ it will use to assess  law firms’ financial stability over the next year, the imperative is becoming ever clearer for firms to get their financial houses in …

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Tightening the Gastric Band

Two years ago, while undertaking the research for our white paper Beyond ABS – The Future for Independent Law Firms, we coined the phrase ‘the gastric band’ in reference to the three forces that are creating a seemingly ever-stronger squeeze …

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Profit Improvement: Big Opportunities and Quick Wins

Declining profits and excessive borrowings are the issues that for many firms cause the biggest headache, and this question is currently leading to sleepless nights around the country – but it is often the case that not knowing where to …

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