Insight, Strategy, Action.

providing research, training & management advice to law firms throughout Australasia for the past 30 Years.

Insight, Strategy, Action.

providing research, training & management advice to law firms throughout Australasia for the past 30 Years.

News

It was my recent pleasure to attend the annual conference of a group of affiliated small firms that I have known for about 25 years. Every now and then they ask me to look at their financial performance and...

Incentives are complex and, according to Wikipedia, omnipotent: ”The study of incentive structures is central to the study of all economic activities (both in terms of individual decision making and in terms of co-operation and competition within a large institutional...

Generational change in the legal profession of Australia and New Zealand has led to discussion around the value of a legal practice – is there any, or is it just a myth? Well managed, profitable, organised businesses with repeat customers...

I’m on holiday. On vacation (Verb and Noun; fixed period of cessation from work), not doing work stuff, painting the deck, swimming, walking, surfing, flagrantly abusing new year’s resolutions to be healthier and taking stock of me and mine....

I’ve just participated in a two-week charity fundraising event, driving 40-year-old cars 5000 kilometres through the Australian outback to raise money for disadvantaged kids. The fleet consisted of 95 pre-1976 vehicles, no four-wheel drive, no engine modification allowed. This event...

Two consulting engagements in the past couple of months illustrate why some firms fly and some firms flounder, particularly in the smaller end of the market. There were a lot of similarities about the two firms. There were the objective...

Not that long ago, law firms were price setters. We decided what profit we wanted, tallied up the expenses, set a chargeable hours budget, and hey presto: we had an hourly rate to charge. And charge it we did....

This article looks at specifics around law firm capital, and should be read in conjunction with the excellent article by Sean Larkan entitled, “Ignore your law firm capital structure at your peril.” Capital structures of law firms are varied among...

One of the benefits of writing an article at the end of the year is the opportunity to look back over the past 12 months and make some predictions about trends that will continue into the new year —...

When it comes to succession in larger firms there are a number of facets that need to be considered – transition of clients from one generation to the next, the management of the firm and of course the financials,...

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