Growth & Law Firm Finances - Key Themes Explored

Introduction

Nearly all firms want to grow but how to increase the size of the firm can be challenging.

A normal response is to increase the number of people but it is not always the most effective or cash-generative way to grow. In fact, it can be damaging to cashflow, if it is not handled or funded appropriately.

Delivered by law firm finances expert Richard Wyatt, this webinar will explore the ways in which your firm can generate more money, while undergoing growth, one of the most cash-hungry phases of any firm and will consider the following:

• Growing the firm - more people
• Growing the firm - mergers
• Staff bonus schemes
• Partner & other owners reward schemes
• Newer law firm models - ‘fractional firms’

What You Will Learn

This webinar will cover the following:

• How to increase the numbers of fee earners while preserving cashflow
• The key financial issues concerning mergers
• How better reward schemes for partners and staff can generate more income and cash, without increasing costs
• Other law firm models that might be attractive to fee earners and protect your cashflow

This webinar was recorded on 1st December 2021