by Richard Wyatt | 6 Nov 2021 | Articles, Finance, Support
Should we look at making our routine banking operations cheaper and slicker? Here are some opportunities. I was a full-time law firm FD until a couple of years ago. Now I help smaller firms by providing those services to them on a part-time basis. That has given me...
by Richard Wyatt | 31 May 2021 | Articles, Finance, Hi Finance
“Our income is not the same as our fees. Is that wrong?” The problem Most law firms and managers within those firms, such as Department or Team Heads, tend to monitor performance by looking at the fees billed by each fee earner/team/department, or the firm overall....
by Baskerville Drummond | 26 Apr 2021 | Articles, Finance, Support
David Abrahams FCA is the former Finance Director & COFA of Matthew Arnold & Baldwin LLP and more recently of Howes Percival LLP. He may be contacted at David@DRABS.co.uk or though your usual Baskerville Drummond Contact. In his recent post Richard...
by Richard Wyatt | 14 Apr 2021 | Articles, Finance, Hi Finance
“I can see from the Management Accounts that I need my fee earners to record more time. Nearly all of them are under target for the Year-to-Date. I am sure they are busy enough, but they are just not getting the time down on the system. No matter how many times I talk...
by Richard Wyatt | 15 Mar 2021 | Articles, Finance, Hi Finance, Support
“I don’t understand why my firm is profitable and yet we always seem to be up against it with the Bank. We don’t want to be putting in more capital this year so what can we do now to get a grip on this?” Ultimately all a firm’s cash is generated from its fee income in...
by Richard Wyatt | 15 Feb 2021 | Finance, Hi Finance
“Our issue is, very simply, that we should be making more money than we are, given what I see going on within the business. How do I turn this around?” This problem, or variations of it, is something that I hear almost every week. It goes something along the lines of...
