Finance

LeO addresses tighter costs transparency rules

The Legal Ombudsman (Leo) has warned solicitors it expects them to give clients an upfront cost estimate before taking on a case.

Sole practitioners exceed small firms' PEP

Profit-per-equity partner is on the rise for sole practitioners, with a survey finding it had exceeded that of two to four partner firms for the first time.

Survival kit: Planning a successful merger

A decision to merge with another firm must be based on realistic aspirations and carefully planned as part of a clear development strategy, say Howard Hackney and Barry Wilkinson

Debt protocol: An unnecessary hurdle or a necessary protection?

Melanie Hart reviews the primary requirements of the new pre-action protocol for debt claims

Jackson’s unanswered questions

Francis Kendall considers whether a reduction in the hourly rates for incurred costs on detailed assessment should also be applied to budgeted costs

Partners, don’t let your firm manage you

Strong corporate governance coupled with a robust credit control policy will greatly assist in cash management, writes Viv Williams

Ten steps towards greater financial stability

Take care of your firm’s financial management and your firm will take care of you, advises Martyn Caplan