LPM October – Make the cuts

Download your FREE copy now   This month: LPM magazine investigates what SME law firms do to make high volume, low margin practice areas more efficient Special supplement: Tech in – LPM teams up with Converge TS to dive into how clients are driving SME law firms to build better connections with technology Feature: Staff writer Andrew Muir looks at […]

Partnership agreements: MHA MacIntyre Hudson explains everything you need to know

Key considerations How much will it cost you, both now and in the future? What are the tiers of partnership and what are the steps to full equity? Which covenants and policies are likely to affect you? e.g. pension, SMP, SPP, SSP etc. Does it match with your own goals and aspirations for the future? […]

How to get more from business meetings

Meetings could be costing your law firm more than you think. The annual cost of meetings, including travel time and cost, is estimated at £16,000 per employee and £637,000 for the average SME. The latest research reveals that an employee attends 207 meetings every year and 139 (67%) of those are a waste of time. Of course, not all meetings […]

Rethink Documents

It’s easy to get caught up in the latest technology craze and forget about the workflows that are the foundation of every firm’s billable work. But, by reviewing and improving these workflows, you are innovating. Here’s why, says Ben Mitchell, global head of commercial operations at DocsCorp. Can you imagine if we were still using […]

On the horizon: Why firms must look ahead to remain competitive

In the constantly changing legal landscape, it’s more important than ever for legal professionals to have their sights on the future of their field. This includes anticipating changes in the law and the effect they could have on how they operate, as well as how their clients and regulators operate. Horizon scanning has become an […]

Partners’ financial roadmap: Understanding the funding of partners’ capital

Traditional partnership or LLP Your capital contribution is a significant investment in your professional future, which should be treated as any other investment; you need to believe in the strategy and ethos you are buying in to and expect a return on your investment. Joining a professional partnership is a large financial commitment, but the […]

Understanding partnerships: Employment status for partners – employed v self-employed

Depending on the structure of the firm, employment status can be a contentious issue, especially for junior partners who do not always have a guaranteed profit share and may have minimal voting rights. Partners need to satisfy at least one of three tests below to prove they are true partners in a business, and retain the […]

Great migration: How Converge TS support law firm growth and strategy

Metamorph Law has enjoyed significant growth in its first two years of business life – with everything up, from acquisitions and geographic expansion to headcount. The firm focuses on acquiring and merging with high-street law firms that concentrate on private client work, in England and Wales. Michael McGuire, head of IT at Metamorph Law, knows […]

Five signs it’s time to upgrade your practice management system

Upgrading a practice management system is a big decision for any law firm. Existing IT systems have often been adapted over many years to fit working practices, staff feel comfortable using them, and there’s always concern that a new practice management system will disrupt day to day business. Also, if the current system isn’t ‘broken’, […]

Becoming a partner: understand legal partnership better with MHA MacIntyre Hudson’s explainer

Congratulations on your admission to partnership. If you have not already, get ready to receive your P45; it’s probably the only time in your career when promotion results in the termination of employment! Becoming a partner shouldn’t be the pinnacle of your career aspirations; it is the start of the next chapter of your professional […]