This section covers succession, specialisation, mergers, selling a law firm, becoming a partner, and business structure
How to plan and execute the process of starting up a new legal practice that is compliant and financially healthy
How to set up your firm’s systems to provide the information that enables you to improve profitability and cashflow
How to avoid professional negligence claims, with examples of common problems and suggested solutions. Plus FAQs on PII
This section only covers SRA Accounts Rules and GDPR at the moment. Compliance for start-ups is covered in the Starting up...
How to protect your law firm from cyber attacks. What steps to take if your systems are hacked
How to recruit and retain a team that is both happy and highly effective, dealing with the HR issues along the way
In marketing, like anything, you need to get the basics right. Otherwise the time and money you invest in marketing will be wasted
How to win new clients, make the most of existing relationships, encourage referrals and generate new leads
How to approach creating a law firm website that works, from agreeing your objectives to making sure you get the results you want
Why lawyers need to know about social media, how to make the most of the opportunities and how to avoid potential pitfalls
How to use PR to build your firm’s reputation; and how to create cost-effective advertising – traditional and online – that delivers results
Cashroom provides a cost-effective specialist outsourced accounting service for UK law firms, including: legal cashiering, credit control, management accounts, and payroll services. This allows law firms to reduce risk, ensure compliance, and increase efficiency in their finance function.
The company has a unique insight into the requirements of the legal sector, with directors who have held partnership positions within large law firms, as well as senior members of staff who have worked within finance functions in a variety of legal practices. Cashroom's specialist team of over 140 comprises ILFM qualified legal cashiers, chartered accountants and management accountants.
Cashroom have built and developed their own secure, unique, dynamic customer portal. They recently became the first accounting supplier to integrate open banking and confirmation-of-payee technology into their portal.
Prioritising utilising technology and exceptional service to further improve efficiency and security beyond the capabilities of many firms, Cashroom is the ideal partner for your firm's finance function.
Articles on Law Firm Ambition
Legal cashiering - an overview for partners and managers by Alex Holt
How to maximise utilisation and minimise lock-up by Chris O'Day
Start-up finance and insurance by David Calder and Darren Cable
Start-up operations and systems by Alex Holt and Richard Wyatt
What is Open Banking and how can law firms benefit from it? Blog by Cashroom and Armalytix
Content list Law Firm Ambition