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Paul McCluskey
- 3 min
Why Securing Funding for PI Insurance Premiums Early is a Game-Changer
The legal sector often grapples with many uncertainties, but one of the most basic recurring considerations a law firm must face is the...
Paul McCluskey
- 7 min
Your Client Interest Policy - Is it fair?
The Monetary Policy Committee (MPC) met recently and voted to increase the Bank of England bank rate for the 12th consecutive time. With...
Paul McCluskey
- 2 min
Are you ready to earn more interest on your client monies?
Overcoming the challenges associated with economic instability looks set to trouble individuals and businesses alike in 2023. Increased...
Paul McCluskey
- 3 min
Understanding the revised Recovery Loan Scheme (RLS)
As the UK economy continues to face uncertainty from the COVID pandemic many UK legal practices may find continued pressures on cashflow...
Paul McCluskey
- 4 min
Method in the madness of law firm finance
Albert Einstein, the famous theoretical physicist, is attributed to saying, “the definition of insanity is " doing the same thing over...
Paul McCluskey
- 3 min
Understanding the Recovery Loan Scheme (RLS)
Businesses which have previously received support under the existing schemes will still be eligiblss facilities under this new scheme...
Paul McCluskey
- 2 min
FINANCIAL BENCHMARKING SCORECARD - What Good Financial Performance Really Looks Like
Sound financial management must be the beating heart of any legal practice. Law firm leaders should complete a regular benchmarking...
Paul McCluskey
- 4 min
Financial Health To Kickstart A New Year
For many people, the practice of making New Year resolutions is something that is attempted and failed within a few weeks of a new year. ...
Paul McCluskey
- 3 min
Three Wise Kings of Law Firm Finance
As we look to welcome in a new year, the UK economy waits with anticipation over the prospect of an effective COVID-19 vaccination and...
Paul McCluskey
- 4 min
Law firm banking - a decade of change
Heraclitus, the Greek philosopher and pioneer of wisdom, is quoted as saying "change is the only constant in life”. Never has this been more
Paul McCluskey
- 3 min
8 Ways to Meet Your Lexcel Commitments
Law firms face an unprecedented challenge brought about by the COVID-19 crisis. With a prolonged period of ‘lock-down’ and social...
Paul McCluskey
- 1 min
Preserving cash during the COVID-19 lockdown and beyond
Law firm failures due to a lack of cash is not a new concept, however, I think we all appreciate the problem is amplified during the...
Paul McCluskey
- 2 min
Residual Balances – no longer an unavoidable problem
A long standing cause for action within law firms is the ability to effectively deal with Residual Client Balances. Whether these have...
Paul McCluskey
- 2 min
TPMAs offer a new way of working to gain operational efficiencies
Technology is having a profound impact at all levels of our society. Nowhere is this truer than in the UK legal sector, where this is a...
Paul McCluskey
- 2 min
I Demand You Show Me The Money
The Solicitors Regulation Authority recently confirmed, that effective from 25th November 2019 the new rules will come into effect. These...