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21 February 2014
Issue: 7595 / Categories: Legal News
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Financial fitness

Law firms must shape up

“Don’t milk the cash cow”, have clear monthly accounts, make sure clients pay promptly, and maintain a good relationship with your bank, is just a selection of the advice on offer from Brent Wilkinson, consultant at BDO, writing in this week’s issue of NLJ. He explains how to make sure a law firm is “financially fit” and avoids failure. Recent research found more than 30% of UK law firms are at risk of failing in the next 12 months.

Issue: 7595 / Categories: Legal News
printer mail-details

MOVERS & SHAKERS

Morr & Co—20 promotions

Morr & Co—20 promotions

Firm announces double-digit promotions, including two new partners

Switalskis—Jonathan Hyldon

Switalskis—Jonathan Hyldon

Head of commercial property appointed in Lincolnshire

Excello Law—Caroline Gray & Mick Hewitt

Excello Law—Caroline Gray & Mick Hewitt

Corporate and commercial property partners appointed in Manchester and Stoke

NEWS
Family law chambers 4PB has announced the return of the Alan Inglis Memorial Essay Prize for a third consecutive year, honouring the life and legacy of LGBTQ+ advocate and barrister Alan Inglis

A long-standing issue in family justice can now be resolved, thanks to recently launched charity the Separated Parenting Programme Directory (SPPD)

Medical reporting organisation fees have become ‘the final battleground’ in modern costs litigation, says Kris Kilsby, costs lawyer at Peak Costs and council member of the Association of Costs Lawyers, in this week's NLJ
The Financial Conduct Authority (FCA) has become ‘a very different organisation’ under its new enforcement leadership, writes James Tyler, of counsel at Peters & Peters LLP, in the latest issue of NLJ

An engagement ring may symbolise romance, but the courts remain decidedly practical about who keeps it after a split, writes Mark Pawlowski, barrister and professor emeritus of property law at the University of Greenwich, in this week's NLJ

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