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Vicky Ling
Andrew Otterburn
Margaret Peasegood
Heather Stewart
 Fiona Westwood
 Colin Fitzpatrick


Law Firm Profitability and financial management


Effective financial understanding and management is going to be hugely important as competition increases following the Legal Services Act. It is essential that firms understand their cost base and have established a small number of Key Performance Indicators (KPIs).

Our services include:

  • Helping practices to benchmark themselves against other firms
  • Analysing and assessing departmental profitability
  • Calculation of average hourly cost and minimum fees that should be charged to clients
  • Advice on appropriate KPIs
  • The design of financial information packages and reporting
  • Training to improve financial understanding and awareness

    • Business benefits of our profitability services include:

  • Better management focus on the key performance indicators
  • Enhanced long term profitability
  • An improved ability to operate in and take advantage of an increasingly competitive environment
  • Improved control of working capital

    • Contact:

    Andrew Otterburn: +44 (0)1484 682928, andrew.otterburn@otterburn.co.uk or,
    Margaret Peasegood: +44 (0) 161 928 5394, info@Peasegoodconsulting.com