The Pareto Principle (also known as the 80/20 rule) states that 20% of what you do will generate 80% of your results. Therefore, a law firm should inevitably focus greater attention on the 20% of activities that generate revenue.
Understandably, this means that non-revenue generating activities can get de-prioritised. In firms, this can lead to a lack of investment and commitment to administrative support staff—even amongst firms with the best intentions for developing their employees.
Law firms are becoming increasingly aware that they need to look for ways of improving efficiency in all areas of their organisation, including their administrative support functions.
A recent report on the trends and opportunities in law firm outsourcing demonstrates that firms are broadening the approach they take when it comes to solving these issues. Key findings that support this include:
Only 13% of business leaders have an effective “wellbeing” strategy in their workplace, despite growing concerns that stress-related conditions are causing misery for many workers, a business event was told.
Around 75% of respondents to the study conducted by Cascade, the human resources and payroll software firm, also reported that mental health problems posed the biggest risk to the nation’s health.
The findings were discussed at a roundtable debate, which was held at The Yorkshire Post head office in Leeds.
As the hunt for talent becomes ever tougher, many employers are searching for increasingly unusual ways to stand out from the crowd. But what is the secret to attracting and retaining staff and is it possible to create a great office culture without relying on gimmicks? Oliver Shaw, CEO of Cascade HR, offers his thoughts…
Our ‘Legal Finance Systems Hiring Market Analysis’ returns for 2018, providing up to date analysis on the levels of supply & demand and reviewing the common challenges of hiring within this niche field.
As the leading recruiter within the legal finance systems market, we experience the challenge of resourcing for finance systems teams on a daily basis, and have seen demand continue to outstrip supply for many consecutive years – a trend which doesn’t look likely to change any time soon.
The UK’s largest outsourced legal cashiering bureau, Quill, is re-launching its trainee scheme designed to breed the next generation of cashiers for its growing Pinpoint team. Quill’s purpose-built, unique-in-the-industry trainee programme combines on-the-job experience and peer support at Quill with classroom-based learning, and equips individuals with a recognised legal accounts management qualification upon course completion.
When looking for a new role, one of the top two reasons for leaving is financially motivated, which is understandable given the high cost of living and the long hours often required in the legal sector.
Added to which, the last few years have been tough for marketing and BD teams in legal, with teams being very lean as a result of the downturn, the impact has been that many people are working longer hours and covering the roles that may have previously been done by two or even three people.
But what is a reasonable salary increase to command?
On its 40th birthday and to honour its long-serving director who passed away earlier this year, legal software and outsourcing provider, Quill, has launched a new employee award scheme called the Peter Dye Memorial Shield. Unveiled at its recent AGM, the award’s purpose is to recognise staff members demonstrating exceptional performance in the workplace.
Generously hosted by our friends at Addleshaw Goddard, the latest event in the portfolio puts the focus on the transformations taking place within buildings and office space.
What to expect
On the speaker line up………..
- Alexander East, modern workplace and security specialist, Microsoft
- Ross Jeremy, head of collaboration, Simmons and Simmons
- Yuval Dvir, global online scaled partnerships, Google
- Senior representative, Deloitte
- Alaana Linney, director, Bupa Health Services
- David Fazakerley, CIO, MW Solicitors
- Peter Gill, chief commercial officer, Converge
- Richard Francis, principal, Monomoy and steering comimittee member, UK Green Building Council
- Justine Thompson, Head of Diversity and Inclusivity, Bryan Cave Leighton Paisner
- Julie Wacker, Business Psychologist, Robertson Cooper
- Senior representative, Addleshaw Goddard
- Daniel Winterfeldt, Global capital markets partner,, Reed Smith and founder, Interlaw diversity forum
- Over three hours of networking with like-minded people at the only networking event for business services within legal!
- A free networking masterclass
- Exposure to over 100 law firms and suppliers
- Assistance making connections and finding solutions
- Help with finding a new job
- Food and drinks
- The chance to catch up with old and new colleague