exact  any/all
 Finance and risk management in the legal profession
denotes premium content | Feb 6 2012 

FD Legal archive

Volume 4 Issue 1

Welcome to the October/November issue of FD Legal.

There may be be 80 days until Christmas, but there are 17 days until my birthday (23 October – and I do accept cash, cheques, credit cards, food). This lead up to the big day always puts me in rather a reflective mood. And I see that it has been a year since my first issue of FD Legal, so happy anniversary to one and all at the end of our first year together. I hope that the changes we have implemented over the past year have improved your reading experience, and that the topics we covered hit your desks at just the right time. Let me know your views. There’s nothing like an anniversary to make you take stock!

‘I’ll show you mine if you show me yours’ – not a sentiment synonymous with how some firms are feeling about sharing their financial results. You couldn’t even prise the information from them with an oyster shuck. And trust me I know – I tried shucking an oyster the
other day in an attempt at romance, resulting in a broken knife, bent screwdriver and some incredibly inventive swearing. Actually, maybe that approach might coax firms into spilling some information…

I’m sure there are some out there who would be more than happy to wax lyrical about their finances, but may be facing the tragic situation of not having a financial future to talk about. As the PI renewal season begins to claim its first victims, high premiums threaten to cripple already struggling firms and administration seems preferable to turning over potentially huge percentages of hard-earned turnover.

But thankfully, for those less fortunate, the Law Society has launched their ‘Help, I need somebody’ campaign promoting solicitors’ services to individuals, running until 21 November 2009. They took their strap line from the Beatles’ great hit ‘Help’ – which does seem so very appropriate for current times. So, in support, I hope you’ll join me in singing my slightly adapted version…

 

 

When firms were younger so much younger than today

They never needed anybody’s help in any way

But now those days are gone they’re not so self assured

Now I find they’ve changed their minds and opened up the doors.

Help firms if you can, they’re feeling down
And they do appreciate you being round.
Help them get their feet back on the ground
Won’t you please, please help firms?

On that rather tuneful note, I would like to thank all those who have helped me with this issue of FD Legal, and, as always, if there are any issues you would like to see covered or if you wish to contribute please do get in touch. Don’t be shy…

Also, please join me on LinkedIn at http://www.linkedin.com/in/joannapblee and become part of the LinkedIn FD Legal magazine community at http://www.linkedin.com/groupInvitation?groupID=2105782&sharedKey=09D54E7E5458

 

Joanna Lee

Editor

Features

Law firms learn to love risk management This article is for subscribers only
Deborah Chrimes explains how the legal sector has changed its attitude to risk in recent years.

Swine flu: Risks and strategies for UK law firms Free
Guy Lamb outlines a successful strategy for managing employees in a swine flu pandemic and the key issues to be addressed.

Rewarding tomorrow’s values – have you got it right? This article is for subscribers only
“You reap what you sow!” says Patricia Wheatley Burt.

Out of the frying pan (into the fire!) This article is for subscribers only
Karl Wingfield looks at a number of actions law firm managers should be considering in order to best position their firm for the future.

Profile: Coffin Mew LLP’s new CEO This article is for subscribers only
Vincent Denham talks to Joanna Lee about the past, present and future.

Cover story: Run, FD, Run! Free
Be the first on the frontline for the upturn.
By Tony Williams

Regulars

Sponsored last word This article is for subscribers only
Despite regular, albeit infrequent, discussions about the pros and cons of e-billing over the past few years, it is a business practice that has yet to be established on a broad basis in UK law firms. By David Thorpe

Risk focus: Who will guard the guards themselves? This article is for subscribers only
By Frank Maher

Thought leader: If you thought 2009 was bad… This article is for subscribers only
By Bruce MacEwen

Legal publications
by Ark Group



 
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