Identifying risks to profit leakage – find out more with Advanced
Advanced Legal | Resource | 6 January 2024
In an industry where every billable minute counts, profit leakage is a significant and very real concern. As profit leakages continually pose risks to their financial health, almost all firms have looked to raise the billable hours targets in 2023, while around half of UK firms had done so by more than 10%.
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How time capture plugs profit leakages according to Advanced
Advanced Legal | Resource | 10 December 2023
To be a successful, profitable business, identifying and plugging profit leakages is of great importance. Profit leakages can take many forms, from discrepancies in billable hours to overlooked overheads and administrative costs, causing substantial drain on a firm’s resources.
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Webinar: Realising your digital dividend with Advanced Legal – 3 May at 4pm
Advanced Legal | Resource | 7 April 2023
In times of economic uncertainty, alongside a myriad of challenges lingering from the pandemic, such as talent retention, hybrid working, and ever more digital client needs, law firms are faced with the task of making their business a more attractive place to work and do business with, while streamlining their practices and maximising profit potential wherever they can.
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Advanced Legal blog: Streamlining processes and where to start
Advanced Legal | Resource | 19 January 2023
The long-term goal of the majority of law firms is to improve profit margins, whilst achieving growth and remaining competitive. One way you can do this is by streamlining your business processes to allow time to be saved and more efficient working across your business.
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