Mike Gorick
- News
Is compliance an opportunity or a threat?
Even before the current outcomes-focused regulations came into force compliance was seen by many as a necessary evil. What firms are going to make of it with the new regulators out in force still remains to be seen.
- News
How long will ABSs last?
History has a habit of repeating itself. Why do we never learn from previous experience?
- News
Lawyers, banks and balance sheets
Post recession, the banks have been labelled with the word ‘difficult’. It seems that many law firms maintain the policy of minimum contact and disclosure. What is this based on? Dare I suggest one reason might be that the bank will find out just what weaknesses exist in these law ...
- News
Fixed fees shouldn’t kill time recording
If you are making strategic decisions do you have sufficient financial information to make those decisions? It seems that calculating the expense of time may have gone out of fashion. Some may never have calculated it. But how do you know if a transaction is profitable? And how, if you ...
- News
Comparing solicitors online by price will affect quality
Accountants, who are often ahead of solicitors, now have the ‘benefit’ of a ‘new and revolutionary’ website that compares their charges. It is claimed that by checking prices of accountancy services, the client consumer will be able to pick the cheapest. This, of course, may rely on the number ...
- News
Cashflow: is your IT supplier doing the business for you?
I have a thing about financial reports and consistency. The problem for IT suppliers is that everybody they supply wants something different. I can sympathise with that.
- News
LLPs – an acquired taste
Are LLPs going strong or not? Is it now firmly established that they are a ‘good thing’? The main reasons for not converting have not changed.
- News
More management speak, anyone?
This week I met up with an experienced entrepreneur and business man, a fellow who had started his own company some years ago and was clearly successful and making money; nothing to do with law. We were talking about business generally and got into profit ratios, business in hand (we ...
- News
Professional managers must be accepted into law firms, and fast
Given that the Code of Conduct now requires law firms to have in place a proper management structure, how well is this really being accepted? And how well is this being implemented?