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Item Details
Title: FINANCIAL MANAGEMENT IN THE LEGAL PROFESSION
By: Michael Roch, Friedrich Blase, Nick Jarrett-Kerr
Format: Paperback

List price: £195.00


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ISBN 10: 0955266629
ISBN 13: 9780955266621
Publisher: ARK GROUP
Pub. date: 15 May, 2006
Description: Financial Management for Law Firms will provide you with key case studies and expert advice allowing youimproving your working capital management and long term strategies for financial success.
Synopsis: Financial Management for Law Firms goes beyond accountancy to focus on the relationship between financial management, the lawyer and the lawyer's business. Effective financial management that can facilitate sustained performance and competitive edge in an overcrowded marketplace requires not only the appointment of a highly capable finance director, but broader changes in behaviour and working processes among a firm's lawyers, changes that touch on ingrained traditions, such as the chargeable/non-chargeable hour. This highly practical report covers vital subjects including: * Managing the balance sheet - assessing your firm's financial and intellectual capital; * Use of rolling instead of static budgets in a firm's financial planning; * Successful performance measurement at various levels of the firm; and * Matter profitability and other key performance indicators. Financial Management for Law Firms includes additional masterclasses in cash management, improving profitability, addressing the cultural barrier to sales, getting reliable information about your firms culture and what to measure and target.The report also features case studies focusing on partner remuneration, improving your working capital management and long term strategies for financial success. Authored by Michael Roch, Friedrich Blase and Nick Jarrett-Kerr, an international group of highly experienced management consultants, this vital best-practice report provides essential insights, from a broad range of perspectives, into a crucial management space.
Publication: UK
Imprint: Ark Group
Returns: Non-returnable
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