The Problem
The world is an unpredictable and volatile place; COVID and the war in Europe are very stark reminders of this. Such matters are typically beyond our control, and we are left to grapple with the task of effectively managing our affairs.
The Economic Implications
The economic consequences are immense, and inflationary pressures mount. Controlling monetary supply assumes priority status; not so very long ago, interest rates stood at a mere 0.1%, but now they are rapidly approaching 5%.
What Can a Law Firm Do?
Regularise and maintain an efficient cash flow. Outsourcing legal billing and cashiering is a massive step in the right direction. For many small to medium sized law firms, such in-house facilities may traditionally have been too expensive and impractical; in the deteriorating economic climate, it may be that this rational increasingly resonates with much larger firms. Outsourcing reduces the need for office space, salaries, recruitment and training costs, holiday, sickness pay, maternity pay, pension obligations and National Insurance contributions.
How We Can Help
As specialist Legal Aid Costs Draftsmen and Inter Partes Costs Draftsmen we are at the sharp end of the legal costs process, and in our tenth year of trading we are fully committed to growing your business. We are extremely proud of our personnel and the organisation that we have become. Our expertise and range of services offer the value for money that you deserve. Whether it be drafting Legal Aid or inter partes Bills, negotiating, advocacy, or legal cashiering, we have the capacity, personality and commitment to provide you with a cost-effective service and, importantly, peace of mind.
Post written by Michael Fitzpatrick.
Michael has over 30 years of Costs Drafting history. You can find Michael’s full profile here.
