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A recent report from Findex/ALPMA found that stabilising cash flow was a major focus for law firms throughout 2021. Firms responded early with a focus on debt collection and rigorously improved processes and procedures. Other findings in 2021 included:

In March, Ben Deverson conducted a webinar with FilePro, to explain Lawganised 5 Golden Rules for improving cash flow to achieve the following results. These results represent a significant difference to what was experienced by survey participants.

Ben’s session was well attended with positive feedback. A recording is now available to FilePro clients through our Online Learning Hub.

In short, there are a number of factors that work together to ensure firms collect the value of their work as soon as possible into their General Bank account. Improvement in processes and procedures often rely on functionality within a firm’s practice management system.

Are you using the following features within FilePro to improve your firm’s cash flow:

Any FilePro client wanting to know more about these features or how to access the Online Learning Hub, please contact our support team on 1800 049 790.

If you’re not a FilePro client but would like to see these features and more in action, contact us on 1300 65 33 80.