Articles

The Cashroom at Connect2Law

The Cashroom is attending the Connect2Law Annual Conference on 8 October, at Gleneagles.

This is your chance to meet MD, David Calder, and our new Business Development Manager, Gregor Angus. Both are lawyers so they understand what it takes to run a law firm; the good bits, the bad bits (and the ugly); and will be available to answer any questions you might have.

Top 10 Things to Think about when Starting your own law firm.

As I speak with lawyers around the country I see more and more people setting up their own firm.

I did this in 2005, setting up MBM Commercial LLP with 3 other people, and, since joining the Cashroom Ltd, have seen many clients do the same. So I thought I would write down a few thoughts on what are the key things to think about when you’re setting up on your own.

Your Market.

Do Law Firms have Brands?

I’ve been thinking about this a lot since watching the Co-op Legal Services advert. Do law firms have Brands? An interesting question. The Co-op certainly thinks it can use its brand to enter the consumer legal services market. Its advert seems to me to be about establishing its position as a no nonsense, plain talking supplier of legal services. That’s its brand.

Review of Cost of Time Survey

If you remember the article I wrote on Law Firm Profit and Loss accounts, one of the things I said was that profit and loss accounts are most useful when compared against other profit and loss accounts. Typically they are compared against historical information, however, even more useful can be a comparison against “benchmarking” information.

An Untapped Legal Market

I came across this research the other day and thought I would share it.

https://research.legalservicesboard.org.uk/wp-content/media/In-Need-of-Advice-report.pdf

It’s a research paper commissioned by the Legal Service Board which reported in April this year.