FD Legal archive

Volume 1 Issue 3

Features

To bill or not to bill This article is for subscribers only
Common cost-recovery myths exposed. By Derek Charter, Billback Systems

Financial management for profit This article is for subscribers only
There may be several interpretations of the purpose of management accounts, but success boils down to delivering the right information to the right people, quickly and accurately to enable them to properly assess business performance. The key to achieving that is a complex but not insurmountable challenge. By Shaun Gillanders

Benchmarking for change This article is for subscribers only
Managing change and dealing with its implications may well vary from firm to firm, but objective measurement and benchmarking should be common to all. By Rosemary Kind

Liable for change This article is for subscribers only
The individual liability of members of a partnership can make the prospect of a successful claim against the firm a fearful prospect. Many firms have therefore wisely looked to strategies for limiting liability, including converting to LLPs. This may not, however, provide all the answers. By Peter Ashford

Opinion: It’s not rocket science This article is for subscribers only
Discipline and persistence are vital when striving to improve working-capital management. By Charlotte Balfry, finance director of Berwin Leighton Paisner.

Don’t count your beans until they’re batched This article is for subscribers only
Improving transaction processes is a prerequisite to moving the finance function forwards. By Jon Miller, Pannone LLP

Money Laundering Regulations 2007 loom large This article is for subscribers only
For many law firms, the risk of being hit by a fraud may seem remote, but with the draft Money Laundering Regulations 2007 now in consultation, there is little room for complacency. By Frank Maher

Managing human capital through numbers This article is for subscribers only
Human capital is the largest asset of any law firm, yet far too many firms leave its management solely in the hands of human resources. By managing the numerical aspects of human capital, the finance function has a critical role to play in bolstering the firm’s employer value proposition. By Michael Roch and Karen MacKay, Kerma Partners

The budgeting story: partners know best This article is for subscribers only
Asking the partners to build the budget could get you hot under the collar, but they know their business better than anyone. By Claire Hafner, Eversheds

Regulars

Thought leader Free
PEP talk, by Chris Bull, Osborne Clarke

Q&A: Free your mind This article is for subscribers only
With the post-Clementi, post-Legal Services Bill world approaching fast, Andy Raynor, chief executive of professional-services firm Tenon Group, provides a few tips on going public.