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Wildy’s Book News

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Vol 22 No 11 Nov/Dec 2017

Book of the Month

Cover of The Law of Contract Damages

The Law of Contract Damages

Price: £100.00

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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.

Subjects:
Legal Practice Management
Contents:
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
Appendix