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Avoiding Unpleasant Surprises - Law Firm Failure

Over the past few months the issue of law firm failures has repeatedly appeared on our agenda. This may appear counterintuitive given that the economy is improving, but of course insolvency practitioners have demonstrated many times that the start of …

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Fixing the Roof

When we were in the midst of a deep recession, profits and cash flow were tight, and law firms reacted by looking at their operations and taking management more seriously. Many of the actions taken were reactive, defensive and focused …

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The Growth Conundrum

Lawyers often put the emphasis on growing turnover in the expectation that higher turnover produces more profit, which can translate into more drawings – which, after all, seems impeccably logical. However, it comes as a great shock to them to find …

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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 …

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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 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 Masterclass, deliver public lectures and provide training …

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