There is every chance that COVID-19 will mean a big hit to your firm’s revenue for the 2020-21 financial year. So, what levers are you using to limit the downside impact on profitability? Joel Barolsky of Barolsky Advisors looks at ways you can enhance your profitability.
As remote/flexible work arrangements continue to evolve to become accepted practice, we thought it would be prudent to look at the three pillars for long-term success. Read More >>
Two simple words can mean a lot to your client and equally your firm. Ben Deverson from Lawganised explains why.
We have learned a lot over the last few months about how to adapt, respond and continue to work from home securely and fully functional.
It’s always important to be across your teams and to understand how people are motivated in their roles. Everyone approaches their work differently. So, with this in mind, Catalina Consultants have put together a HR guide on how to manage remote employees so that they stay high performers.
The word “collaboration” is an easy one to bandy about. But many firms struggle to work out what it means for them – and how to do it- especially in an increasingly virtual workspace. Recent research from Harvard Law School’s Heidi Gardner shows a clear connection between a firm’s ability to collaborate and the profitability of its clients. Simon Dowling shares three ways to increase collaboration.
In a perfect world, you could invoice a client and get paid immediately. Experiences over the last 12 months and particularly during turbulent times have highlighted three habits that help law firms get paid on time and remove the stress of chasing outstanding debtors.
As the impacts of the COVID-19 crisis ripple across society and the economy, strong financial management may be a crucial consideration for you over the next few months. Here are some suggestions for your consideration from Macquarie Banks that might help to keep your firm’s finances on track.
There is a pattern of innovation during global pandemics. In the past, many have been sustained changes. But, as we return to work, will our COVID-19 innovations remain?
Many long months have now passed since the initial impacts of COVID-19 were first felt in Australia.
As expected, you and your firm will likely have sought to reduce your expenses. With more still to come here are seven additional ways to unlock and protect your firm’s revenue.
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