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Vol 23 No 2 Feb/March 2018

Book of the Month

Cover of The UK Supreme Court Yearbook Volume 8: 2016-2017 Legal Year

The UK Supreme Court Yearbook Volume 8: 2016-2017 Legal Year

Edited by: Daniel Clarry
Price: £120.00

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Secondhand & Out of Print

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LMS Financial Benchmarking Survey 2017

ISBN13: 9781784460723
Previous Edition ISBN: 9781784460501
Published: May 2017
Publisher: Law Society Publishing
Country of Publication: UK
Format: Spiral Bound, A4 Landscape
Price: £150.00

Despatched in 6 to 8 days.

Widely regarded as the leading annual health check for mid-sized firms, the LMS Financial Benchmarking Survey brings together the results of 160 firms to provide you with a comprehensive analysis of their comparable financial health.

Now in it's 17th year, this report looks at key metrics including:

  • Equity partner capital
  • Practice fee income
  • Interest receivable
  • Total year-end lock up dates
  • The ratio of fee earners to partners
  • Spend on non-salary overheads
  • Net profit per equity partner
  • The cost of an employed fee earner
  • The number of secretaries per fee earner
  • Partners' total drawings.
As a unique source of data that is essential for rigorous evidence-based decisions, this survey will help you to review your firm's financial performance objectively and to plan your strategy effectively.

Legal Practice Management
1. Introduction
2. Summary of findings
3. Fee income
4. Employment costs
5. Profitability
6. Characteristics of
the most profitable practices
7. Working capital
8. Financial stability
9. The short-term future fee predictions
10. Some key challenges coming up