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Efficiency and Profitability Review

Our benchmarking analysis shows that some law firms are highly efficient, profitable and cash generative, whilst others could make huge improvements in these areas. 

Whatever your position, there are always profitability improvements that can be made. This review assesses the current procedures and what is happening in practice (often two different things), and then makes detailed suggestions, department by department, on specific improvements that need to be made in order to improve efficiency and profitability.

This is not a lean legal project management service, but may outline certain ways to reduce waste and could recommend bespoke lean reviews for certain departments.

Contact our Legal Sector Partner, Andy Poole, on 07828 857830 or andy.poole@armstrongwatson.co.uk to discuss how we can help you.

  Read more about the benefits of appointing Armstrong Watson

 

What is it?

A department by department report on current procedures and practices affecting efficiency and profitability with detailed suggestions of improvements.

Who is it for?

All law firms of all sizes in all locations.

All law firms of all sizes in all locations.

  1. You will manage your costs appropriately
  2. You will create shared employee responsibility
  3. You will communicate operational goals to employees
  4. You will boost productivity and profitability

What do I have to do?

Compile required information. Pre-agreed partners and staff to be available for interviews. Partners and head of finance to attend the closing meeting.

What are the deliverables?

On-site interviews with selected Partners and staff. Presentation of draft report. Issue of final report.

What is the cost?

Bespoke fee options provided on a case by case basis on size, complexity and typically the number of departments in the firm. Fee options can include a success/results basis, so the fee payable depends on success.

How long will it take?

One month.

Your Key Contacts

Andy Poole

Corporate Finance Partner - Legal Sector

07828 857830

Email Andy

Douglas Russell

Partner

Email Douglas

Sally Jones

Accounting Director

Email Sally

Huw Nicholls

Audit & Assurance Director

07917 035854

Email Huw

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

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Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.