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Vol 21 No 11 Nov/Dec 2016

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From Recession to Upturn: Financial Management and Strategy For Law Firms


ISBN13: 9781853287947
Published: July 2009
Publisher: Law Society Publishing
Country of Publication: UK
Format: Paperback, A4
Price: £60.00



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Steer your firm through these difficult times with From Recession to Upturn. This special report provides your firm with the financial tools it needs to negotiate the current climate and, crucially, to prepare for the eventual upturn.

    Written by leading experts, the book offers a strategic yet practical approach:
  • Part 1 helps you to assess your firm’s financial health
  • Part 2 focuses on the most important aspects of financial management in a downturn including debt management and credit control
  • Part 3 looks forward to the upturn, suggesting how the firm position itself to take advantages of the potential opportunities.
The book includes case studies from finance directors and other professionals to illustrate potential difficulties and suggest solutions.

Subjects:
Legal Practice Management
Contents:
Part 1 - The effect of the economic slowdown on firms
1.
2009 and 2012 - a changing landscape for law firms
2. Firms in trouble
Part 2 - Effective financial management to stabilise the business
3. Stabilising the business - cash and profitability
4. Making sure everyone understands the figures
5. The main KPIs to monitor during a recession
6. The starting point for credit control - getting the initial agreement with the client right
7. Debtors and WIP management
Part 3 - Positioning the firm to be ready for the upturn
8. Strategy post recession
9. Implications and opportunities post-Clementi
10. Merger as part of your strategy?
11. Tackling change positively
Conclusion.