Finance  Supplement


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Finance Supplement, 14 February 2003

Illustrator Shonagh Rae


When the Going Gets Tough, The Tough Get Going Firms feeling the effects of an economic downturn often go into reactive mode, cutting overheads and taking on whatever work comes along, but this approach can be counterproductive. Dr Heather Stewart explains how firms can review their practices to ensure they are in the best position to take advantage of better times. click to order

  

Running a Profitable Set of Chambers Mark Green and Edith A Robertson outline the key elements for organising chambers so they offer each barrister the opportunity to run a profitable practice: by getting the structure right, controlling expenditure, maximising incomes, financing the chambers and managing working capital. click to order

  
Illustrator Darell Rees
Financial Controls Through The Lifespan of a File Simon Young highlights ways to minimise negative cash flows by instigating an active case management system which balances out the work types to average out risk. click to order
 		 

Maximising Profitability Through Effective Practice Management Natasha Lee provides some techniques that illustrate how simple improvements in practice management can have a positive impact on cash flow and profitability. click to order

Taking Cover What should solicitors be doing to ensure they get the best professional indemnity insurance rates at the next renewal season? Trevor Moss offers some tips for improving your application. click to order

Complying With The Solicitors’ Accounts Rules Jon Woolston looks at how the SAR 1998 are working in practice and examines ways for firms to improve their compliance such as increasing fraud detection and avoiding the most common breaches.  click to order