Benjamin Balk, Amanda Baker, Gina Assimakis & Ann Wooten
Outstanding annual leave balances are a significant financial liability to any balance sheet. The longer employees go without taking holidays, the greater the risk to a company’s cash flow in the long term. Implementing strategies to regularly reduce annual leave balances can be difficult for SMEs that operate with a lean corporate structure and have limited internal resources.
Read more here: Rising waters
“The legal landscape is changing”. We hear this comment all the time. We all know that this statement is true, but let me show you another way of looking at it. One of the most unique characteristics of the environment we currently operate in is the permanence of the change in our industry. There is longevity in this phenomenon we are experiencing. In other words, change is here to stay.While some industry players view this as a crisis, law firms and legal practices of all kinds and all sizes are actually presented with the opportunity to take a long, hard look at who we are, what we do, and how we do what we do. The use of legal technology should not escape a legal practice manager’s eagle eye when conducting this exercise.
Andrew Chen, Partner
Andrew Chen is a Principal at Crowe Horwath and heads the legal sector team focusing on improving financial and business outcomes for legal professionals and firms. In this article, he discusses the importance of using comparative intelligence to drive change within a law firm and ensure future success.
2012 FEB - Bounce Back in 2012 - The Resilient Firm! (4977 KB)
Presented by Stuart Taylor, The Resilience Institute. Click here to view the Seminar on Demand.