Improving financial performance

Improving financial performance guidance:

This Practice Note explains why it is so important to improve the efficiency with which work is done and how this can be achieved without diluting quality. Why is work...

Practice Note

A: Gut feel Comments or observationsGut feel income prediction B: Trends Data YearFee income £% increase on preceding yearAny factors to suggest that % change is not part...

Precedents

A: Gut feel Comments or observationsGut feel income prediction Economy is improving. Prestigious supermarket is opening in our town, reflecting a general upswing in...

Precedents

Trainees Development toolTrainee nameDate completed Professional Skills Course (PSC)—Financial and Business Skills core element[State which trainees have undergone this...

Precedents

End of month 6Actual monthBudget monthActual YTDBudget YTDAction required following discussion with supervisor Hours recorded85100540600Month and year to date hours...

Precedents

Why do law firms need budgets and how might they be structured? Like any other business, a law firm needs some budgets each year so: • it can properly control its income...

Practice Note

This Practice Note considers how you might set about improving your staff's financial awareness so they might be more inclined to, and more skilled at, ensuring you hit...

Practice Note

This Practice Note provides an understanding of why management information (MI) is needed and how it should be formatted and distributed to achieve: • a change in...

Practice Note

This Practice Note is intended for law firms. It explains why time recording is so important. It also explores best practice around time recording and considers the...

Practice Note

FAQs These FAQs supplement our Time recording policy, which can be found [in our office manual OR on our intranet]. What is [matter-related OR chargeable] time? All time...

Precedents

Time recording policy 1 Introduction 1.1 Accurate time recording allows the firm to understand the true cost of services we provide and provide detailed billing...

Precedents
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