Playing cash up
Sound financial hygiene is just as important as law cautiously returns to life as a growth sector says Steven Dobson, Head of Business Services at LexisNexis Enterprise Solutions.
In this industry analysis that originally appeared in Briefing from Legal Support Network Steven argues that good financial management be will crucial to help firms take advantage of growth opportunities and stay ahead of their competitors: "In the current business environment, financial planning must be an ongoing and dynamic process so that firms can take timely, corrective action."
He outlines strategies and business practices that firms can adopt including rationalising technologies, accurately estimating fees and adopting business management software.
As published in the March 2015 issue of Briefing from Legal Support Network.