It’s time to spring into action if you want to grow your law firm
It’s time to spring into action if you want to grow your law firm All businesses want to grow, secure a greater market share, increase revenue and ultimately make more profit but a bigger business needs to be built on solid foundations. Law firms are ‘know-how’ businesses so employing more lawyers is often seen as […]
Don’t let soaring staff costs soak up your profit
Don’t let soaring staff costs soak up your profit The Legal Gazette recently reported that one of the UK’s largest law firms had seen its profits fall, in line with similar trends at other leading law firms. Despite a healthy 14% rise in revenue, profits dipped after higher salary and travel costs. Across the […]
How to choose your outsourcing partner
How to choose your outsourcing partner The year ahead looks set to bring challenges for many businesses. With the cost of everything from utilities to wages still rising, firms will be looking to see how they can protect their revenue and grow their profits. If your organisation is considering outsourcing some roles or services, […]
A New Year’s resolution for law firms?
Get on top of cash flow with a stronger finance team Your law firm might have won the work and done the work but that is not the end of the story by any means. In fact, finishing the job might actually be the hardest part of the process. Billing clients for work and ensuring […]
A Christmas message from Global BPO
We were delighted to welcome our Managing Director, Jan Scholtz ,to London this month, on one of his regular visits from South Africa to check-in with clients and staff in the UK. We all love to see our clients face-to-face throughout the year and since living through the restrictions of the pandemic, we particularly appreciate […]
As compliance requirements get tougher for law firms, here’s how Global BPO can help ease the pain
The Solicitors Regulation Authority (SRA) has recently used some of its new powers to issue fines to three law firms for failure to comply with transparency rules; automatic fixed penalty fines were introduced at the end of last year to reduce the time and cost of prosecuting low-level compliance breaches. Not only did the firms […]
What’s your growth agenda? Global BPO can support your business as it expands
There have certainly been some challenging times in recent years but the legal sector continues to see healthy growth and many of our law firm clients are building their businesses year on year. In fact, we know that many law firms would like to expand even more but are currently hampered by recruitment difficulties and […]
Why risk and compliance issues matter more than ever for law firms
Businesses are dealing with risks all around them, all of the time. As the world gets more complicated, so do the risks we encounter – from reputational risks threatening a company’s standing to complex technology risks such as the hacking of data held online. Mitigation is possible We are in what currently feels like uncertain […]
Law firms fear high people-costs and overheads in the coming year: here’s how they can protect their margins
The latest legal sector report from NatWest published at the beginning of September looked at the financial health and general outlook of small to medium sized law firms across England, Wales and Scotland. The results make fascinating reading, here’s why: Reasons to be cheerful? First, it wasn’t all doom and gloom! 9 out of 10 […]
The importance of getting eDiscovery right when there is so much at stake
The Horizon scandal No one who has read the stories of the former sub-postmasters who were falsely imprisoned as a result of the Horizon system faults can fail to feel immense sympathy for those involved. It’s been described as “the most widespread miscarriage of justice in UK history”. The Horizon scandal resulted in more than […]