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Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.

The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.

The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.

Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.

Residual balance issues just don’t seem to go away. Despite years of guidance and multiple regulatory warnings, many firms still trip up on these sums of money.