by Richard Wyatt | 3 Mar 2022 | Advisory, Articles, Finance, Making law firms more profitable, Our Experience, Our Insights, Review, Richard Wyatt
So far in this mini-series, we have looked at two ways of increasing law firm profits. Firstly, by only increasing fee earner numbers, and Secondly by making fee-earning staff more productive, i.e., they produce more Income, per fee earner, per annum. We concluded...
by Richard Wyatt | 24 Feb 2022 | Advisory, Articles, Finance, Making law firms more profitable, Our Insights, Review, Richard Wyatt, Select
This is the second in a little series of short articles, where we are looking at what is the best way to make law firms more profitable. In the previous article, we mentioned that there are three main ways to increase profitability. They are: Increase fee earner...
by Richard Wyatt | 17 Feb 2022 | Advisory, Articles, Finance, Making law firms more profitable, Our Insights, Review, Richard Wyatt
It’s a given that law firms would like to be more profitable. But how do we become more profitable? In the following series of articles, I shall point you to the key issues that you need to address to make your firm more profitable. What are our options? Luckily the...
by Richard Wyatt | 6 Nov 2021 | Advisory, Articles, Finance, Our Insights, Review, Richard Wyatt, Select
Should we look at making our routine banking operations cheaper and slicker? Here are some opportunities. I was a full-time law firm FD until a couple of years ago. Now I help smaller firms by providing those services to them on a part-time basis. That has given me...
by David Baskerville | 30 Jun 2021 | Advisory, Articles, David Baskerville, Implement, Our Insights, Review, Select
Baskerville Drummond is delighted to announced that it has been given a Band 1 rating in Chambers and Partners’ new LawTech Consulting guide. In common with all Chambers’ guides and directories, this is an independent evaluation of market players, with research...
by Richard Wyatt | 31 May 2021 | Articles, Finance, Hi Finance, Our Insights, Review, Richard Wyatt
“Our income is not the same as our fees. Is that wrong?” The problem Most law firms and managers within those firms, such as Department or Team Heads, tend to monitor performance by looking at the fees billed by each fee earner/team/department, or the firm overall....
