PRACTICE MANAGEMENT SUPPORT
What we can do for you...
Combining our extensive financial and risk management experience to help your legal practice achieve financial stability, comply with its regulatory obligations and maximise opportunities for growth.
Keeping up to date with risk management policies and the wider regulatory landscape is time consuming and that is why we believe our breadth and depth of experience helps to take the hassle out of dealing with financial and operational risk which enables our clients to focus on their business.
Implementing effective financial management processess - we help to develop a sustainable cultural approach to finance and risk management
Sound financial management is rarely about the money. It’s about developing and consistently adopting effective internal financial management processes, whilst ensuring that the firm’s culture promotes team-wide accountability for safeguarding the firm’s viability and financial stability.
Everyone within the practice should understand the importance of effective cash management, and know what they need to do to keep cash flow on track. In other words, law firms should develop a sustainable cultural approach to finance. This is where we come in.
We can develop fully-tailored financial management processes that are specifically designed to promote healthy cash flow and mitigate the firm’s financial risks, then work with your team to ensure the firm-wide adoption of these processes. In this context, our work typically includes:
Review of existing financial management policies
Financial benchmarking analysis
Financial stability and viability analysis
Practice Management Support - operate safe in the knowledge that your business risks are independently audited
We work with you to develop strategies, deliver projects and review business performance to help you take the business to the next level.
ABS /new firm applications
Independent AML reviews including client file reviews
Law firm pre purchase/merger review
Risk management support for the COLP/COFA
Review of policies, processes and procedures