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FINANCIAL BENCHMARKING SCORECARD - What Good Financial Performance Really Looks Like

Updated: Feb 3, 2021





Sound financial management must be the beating heart of any legal practice. Law firm leaders should complete a regular benchmarking exercise which measures the business performance against the financial objectives of the business as well as the wider financial performance of their respective peer group.


To be truly effective this exercise should be completed at least annually.


When completing such a task, it will help to be able to produce and monitor instant results. By understanding how the action of the business can influence results the business can make operational decisions and easily measure success.


The Financial Benchmarking Scorecard (available for download below) is a must for every law firm leader. This invaluable free resource will provide a deeper understanding of business performance.


"The results from the Financial Benchmarking Scorecard will allow the business to understand what good performance really looks like and will help to evidence the strength of the firm's financial performance to lenders, insurers and other interested parties."

Support Business Planning

To aid future business planning, the Financial Benchmarking Scorecard offers law firm leaders a structured methodology with essential metrics used to consider law firm financial performance. When discussing future business objectives with equity stakeholders it is important to be able to justify decision making. When setting future key performance indicators (KPIs), it is important to be able to accurately understand what performance level is required to satisfy the return on investment for all concerned.


By entering your aspirational performance figures, firms can safely test the impact of increases or decreases to any of the costs outlined in the questionnaire. The results page provides a confidential, risk free method of understanding the likely impact.


Access the Financial Benchmarking Scorecard - below



43 comentários


paparaw166
15 minutes ago

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mevofof936
an hour ago

원벳원 도메인 주소 완전히 흥미로운 블로그 게시입니다. 저는 종종 Diwali Bumper Lottery에 대한 내 프로젝트의 도움을 위해 귀하의 게시물을 방문하고 귀하의 슈퍼 쓰기 기능은 진정으로 당황스러워했습니다.이 게시에 대해 많이 감사합니다.

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wesomo9270
an hour ago

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laxeno7309
an hour ago

원벳원 주소"여기에 제공해 주신 귀중한 정보와 통찰력에 감사드립니다 ...

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gecej33160
an hour ago

완전히 흥미로운 블로그 게시입니다. 저는 종종 Diwali Bumper Lottery에 대한 내 프로젝트의 도움을 위해 귀하의 게시물을 방문하고 귀하의 슈퍼 쓰기 기능은 진정으로 당황스러워했습니다.이 게시에 대해 많이 감사합니다...세븐벳

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Gemstone Legal Ltd, registered at Abbey House, 51 High Street, Saffron Walden, Essex, United Kingdom, CB10 1AF. Company Register number is 12016461. We are registered with the ICO, (Reference ZA791611).  We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency our commission model is based on a percentage of the amount you borrow (this is based on the amount borrowed and the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you during the initial funding application process..

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