Business Management for Solicitors: Turning Your Practice into a Business

Business decision-making is a critical skill for the solicitor in today's world of intense competition and pressure on margins. Many solicitors have not learnt the skill by the time they are partners - indeed many partners' understanding of the key issues has been based on ""learning by doing"" without necessarily realizing that a structured approach will save time and increase effectiveness. Financial issues in particular are too often ""for someone else"" or ""not of direct concern as long as I keep my fee income up"". This new edition provides an analysis not only of basic principles but the context in which they must be applied - the world of IT, e-commerce, the impending MDP and ever-burgeoning overdrafts.