Financial Stability Toolkit
Peter Scott and Andy Poole
The SRA's latest report on financial stability (February 2014) said its engagement with firms found poor financial management that ranged from "naive to reckless". They have also seen poor practice in the management of client accounts. This toolkit will help firms to address those common financial issues facing many firms.
This toolkit covers the following:
- What the requirement to maintain financial stability will mean in practice for firms.
- What are the danger signals and how can action be taken to remedy them?
- The steps that need to be taken to take control of cash management in order to achieve financial stability.
Part of the popular toolkit series, it contains a mixture of draft policies, procedural checklists and other instruments to assist practitioners in demonstrating sound financial management.
The toolkit is a working resource which practitioners can use to monitor the financial health of their firm.
Published 29 June 2015
Publisher Law Society Publishing
Format Paperback + CD-ROM
246 x 172 mm
Measuring and Reporting for Law Firm Success - Peter Scott and Richard Wyatt
“A systematic approach to law firm management which, suffice to say, should be in the library of every law firm striving for excellence'”
Philip Taylor, Richmond Green Chambers
In Measuring and Reporting for Law Firm Success, experts in law firm management Peter Scott and Richard Wyatt analyse current management challenges and offer clear guidance on measuring and reporting on key areas to achieve optimum decision-making and performance results.
This report will enable you to:
- Identify the five critical management areas that law firms need to focus on in order to achieve competitive advantage:
- Developing strategic plans through analysis and evaluation
- Measuring and managing risks
- Client management
- People management (internal)
- Financial management and reporting
- Analyse and generate accurate financial and management reports;
- Gain valuable data from practical questionnaires, surveys and financial tables, which will help improve client relationships;
- Improve credibility, influence and relationships at board level, which can also lead to faster executive sponsorship and better decision making; and
- Increase productivity and profits by implementing effective risk-based strategies.
Order now to identify, measure, analyse and report on accurate and valuable information to improve decision-making within your law firm.
Practice Management Handbook 2nd edition - edited by Peter Scott
Planning and implementing an effective practice management strategy is a key factor in establishing a law firm's long-term prospects.
This fully updated edition continues to offer invaluable practical advice on how to develop and implement strategic plans for every aspect of a firm. It takes a new approach to each chapter, providing coverage of cutting edge issues and helping firms to plan for today and tomorrow. These issues include:
- determining the structure of the business in light of the Legal Services Act 2007
- developing appropriate policies on discrimination
- managing through an economic downturn.
In addition, the authors address the more complex and problematic areas of business management such as developing strategy and budgeting and measuring and rewarding staff performance. Managers will find a wealth of guidance on matters such as:
- structuring the business
- recruiting and retaining staff
- creating and developing effective client relationships
- marketing your practice
- IT management.
The Practice Management Handbook is the ideal guide for firms seeking to improve their competitive advantage in the new legal marketplace.