Adjusting the Numbers: The Future of Finance in Law Firms
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Adjusting the Numbers: The Future of Finance in Law Firms

Edited by James D Cotterman · Stuart Dodds · Tim Corcoran · Mary Juetten · Richard Brzakala · Louis Young · Andrew O'Connor · Andy Poole
Globe Law and Business March 2021

Specifications

ISBN-13
9781783584048
Publisher
Globe Law and Business
Publication
March 2021
Format
Paperback , 79 pages
Jurisdiction
International ? Countri(es) for reference only

Details

Why this report, why now? 

We began 2020 in bright spirits and bountiful economic conditions; by early March all that had changed. Economic adjustments were made and, overall, firms ended the year in much better shape than their spring worst-case projections anticipated. Some firms were even close to their original 2020 profit expectations to date – largely due to quick actions to curtail expenditures as COVID-19 got underway in the US. Adjusting the numbers: The future of finance in law firms looks back at a year like no other in our lifetimes, highlighting pricing, budgeting, strategic planning and people management principles, and identifying good compensation practices that can be applied during the pandemic, its gradual cessation, and beyond. 

Unique selling points:

First title to look at financial performance post-COVID, focusing on pricing, compensation, financing, KPIs and partner management.

Table of Contents

Executive Summary
Chapter 1: Good compensation practices during COVID-19
James D. Cotterman, Altman Weil
Chapter 2: Retaining your pricing confidence in challenging times
Stuart Dodds, Positive Pricing
Chapter 3: Partner performance – becoming and remaining a partner
Timothy B. Corcoran
Chapter 4: Pricing, budgeting, and KPIs – all change after 2020?
Mary Juetten, Traklight
Chapter 5: The impact of COVID-19 on legal service delivery and client expectations
Richard Brzakala
Chapter 6: Options for law firm financing in difficult times
Andrew O’Connor and Louis Young, Augusta Ventures
Chapter 7: A flexible financial future
Andy Poole, legal sector partner, Armstrong Watson
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