Overview

Steer your firm through these difficult times with From Recession to Upturn - Financial Management and Strategy for Law Firms . This special report provides your firm with the tools it needs to negotiate the current climate and, crucially, to prepare for the eventual upturn. Written by leading experienced professionals, the book offers a strategic yet practical approach. Part 1 looks at the effect of the economic slowdown and shows how your firm can deal with the immediate problems it may face. Part 2 shows how effective financial management can help you to stabilise your business. Part 3 looks forward to the upturn, suggesting how your firm can position itself to take advantage of the potential opportunities. The book includes case studies from finance directors and other professionals to illustrate potential difficulties and suggest solutions.

Full Product Details

Author:   Andrew Otterburn ,  Sarah Wilkinson
Publisher:   The Law Society
Imprint:   The Law Society
ISBN:  

9781853287947

ISBN 10:   1853287946
Pages:   112
Publication Date:   07 August 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Part 1 - The effect of the economic slowdown on firms: 1. 2009 to 2012 - a changing landscape for law firms; 2. Firms in trouble; Part 2 - Effective financial management to stabilise the business: 3. Stabilising the business - cash and profitability; 4. Making sure everyone understands the figures; 5. The main KPIs to monitor during a recession; 6. The starting point for credit control - getting the initial agreement with the client right; 7. Debtors and WIP management; Part 3 - Positioning the firm to be ready for the upturn: 8. Strategy post-recession; 9. Implications and opportunities post-Clementi?; 10. Merger as part of your strategy?; 11. Tackling change positively; Conclusion.

Reviews

'The book is a mine of information - filled with easily understandable bite-size sections, illustrated with graphs, tables, calculations and case studies. It is a publication that approaches financial issues in law firms accessibly and authoritatively.' Modus Operandi 'This excellent special report is to be welcomed because it will successfully squeeze your business practice and all the surrounding issues we face as lawyers out of this potential slump with its sensible strategies for the future.' Phillip Taylor, Richmond Green Chambers

Author Information

A chartered accountant and management consultant, Andrew has advised around 250 firms in the UK and Ireland on their management and profitability. His most recent book, Profitability and Law Firm Management was published by the Law Society in 2002, with the second edition published in 2007. He is joint author of the annual survey of law firms in Scotland, published by the Law Society of Scotland. In 2006 he was an advisor to Lord Carter's review of legal aid procurement in England and Wales. He is a course tutor at the Nottingham Law School, a member of the Executive Committee of the Law Management Section, and a founding member of the Law Consultancy Network. Sarah Wilkinson is a chartered accountant and Finance Director of Field Fisher Waterhouse LLP. She was previously Group Financial Controller for Clifford Chance LLP and has eleven years' experience of working with law firms.

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions