How Global BPO could help you reduce costs and keep more of your hard-won revenue
Profit is a simple concept to understand –the amount of revenue received by a business in excess of its total costs/expenses. For law firms, an important measure of their profitability is the profit per equity partner, otherwise known as PEP. Magic Circle results The UK’s largest law firms have been announcing their financial results for […]
The law firm profit puzzle: why outsourcing document review work could be your solution
Last month saw many of the UK’s largest law firms reporting their financial results for 2022/23. Whilst the Magic Circle firms, Freshfields, Linklaters, Allen & Overy and Clifford Chance all reported increased revenue, this masked a trend which saw profits remain flat (or slightly down). Profit per equity partner (PEP) was down by 5% at […]
Law firms – as temperatures rise, don’t get hot and bothered about your staffing needs!
We know workflow isn’t always predictable. Particularly in the legal sector, it can sometimes feel like it’s impossible to find equilibrium – you’re either working flat out or desperately hoping for some new work to come through the door! Tight deadlines may arise due to factors outside your control such as a court-imposed timetable, or […]
Large-scale litigation: Let us help you avoid bundle bedlam!
In the intensive coverage of Prince Harry’s recent phone hacking litigation in the High Court, there was one small detail which wouldn’t have meant much to the general public but which stood out to the lawyers among us! Prince Harry faced long and detailed questioning from MGN’s lawyer, Andrew Green, who probed him on the […]
Mental Health Awareness Week: Could you do more to help your legal staff stay healthy?
Mental Health Awareness Week is an annual event promoted by the Mental Health Foundation to encourage everyone to focus on achieving good mental health. This year it falls between 15 and 20 May and the theme of the week is anxiety. Anxiety Anxiety is a normal emotion experienced by all of us but (like stress) […]
The nation prepares to celebrate the Coronation of King Charles III: a blueprint for leadership
The world will be watching the Coronation of King Charles III and Queen Camilla at Westminster Abbey on 6th May 2023. It’s seventy years since the last coronation, so this once in a lifetime event is very special indeed. Head of “The Firm” On ascending the throne upon the death of his mother, King Charles […]
Is it time your law firm spring-cleaned its client accounts?
All law firms authorised by the Solicitors Regulation Authority (SRA) must follow the requirements of the SRA Accounts Rules (the Rules) when dealing with client money. The Rules also apply to those who work in authorised firms. Firms are required to have internal systems in place to comply with the Rules which must be appropriate […]
Is your firm feeling the “conveyancing crunch”? Let us take the strain!
The Law Society Gazette recently reported that property transactions have nearly doubled in a decade but the number of firms doing the work has shrunk – leading to the so-called “conveyancing crunch”. A difficult time Property work has always been vulnerable to the economic cycle and the property sector has definitely endured a rollercoaster ride […]
Managing your business through difficult economic times: what are the options for balancing the budget?
The Chancellor of the Exchequer delivers the UK’s Budget this week and businesses will be keen to hear details of the Government’s economic plan. Although the short-term economic outlook is generally more positive, longer-term challenges are predicted and it’s widely expected that the Government will retain its tight fiscal environment alongside some carefully targeted spending. […]
Nice to meet you! How our client induction works and why it’s crucial
Our business was established in 2001 to provide legal and business process services such as document production and checking and eDiscovery. For over twenty years we have successfully built long-term relationships with many clients, proving that our “trusted partnership” model of client engagement really is the right one. We work hard to ensure these relationships […]