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Is inefficient workload distribution hurting your firm’s profitability?
Monday, 22 July 2019Whether you work at a small practice or a Magic Circle firm, human resource utilisation is a crucial metric. In an environment where downward pressure on fees is stronger than ever, how effectively each member of the team is using their time has a growing impact on financial performance.
Tags: Retain International
Posted in associate news
Blog
Fifteen years on: Lessons from ABS reform
Fifteen years ago this month saw the very first alternative business structure. At the time, the prospect of non-lawyers owning law firms was dubbed ‘Tesco Law’.
Hybrid working and client money controls – be aware of the risks
For legal finance teams, remote working has changed how information moves, how approvals are obtained and how colleagues communicate.
AI can interrogate your contracts – but are they ready for questioning?
Suppose a law firm wants to review a client’s entire real estate portfolio for risk in the leases. Not long ago, that meant a multi-week project. Today, first-pass answer can arrive in minutes.
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