Fee income prediction tool—worked example
Fee income prediction tool—worked example

The following Practice Management precedent provides comprehensive and up to date legal information covering:

  • Fee income prediction tool—worked example

A: Gut feel

Comments or observationsGut feel income prediction
Economy is improving. Prestigious supermarket is opening in our town, reflecting a general upswing in confidence in this area.
Conveyancing dept will benefit from increased house building in our area.
We can realistically aim for a 7% increase on last year.
£1.2m

B: Trends

Data

YearFee income £% increase on preceding yearAny factors to suggest that % change is not part of an overall trend
2018£1.12m6%No, this is moving back towards pre-recession growth rates
2017£1.05m5%No, this is moving back towards pre-recession growth rates
2016£1.0m5%No, this is moving back towards pre

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