Top Performing Law Firms – What are they doing differently?
Overview
Exclusive business advisory data, benchmarks & reporting to help Law Firms achieve top performance at every stage of their business life cycle.
Law firms are high-value clients for compliance, advisory & wealth management solutions.
New Top Performer insights will help advisers add value to existing client relationships & create a point of difference to attract new Law Firm clients.
Profitability is the highest industry concern & has the biggest performance variance.
Practice planning is essential to become an industry top performer.
Only 12% of Law Firm partners/directors describe practice planning as excellent, with actively managed plans in place. Practical industry Top Performer insights will improve planning outcomes & boost profitability.
These insights include fair market valuation multiples. Proposed CGT changes are expected to increase demand for Law Firm valuations. One advisory service that relies on a compliant valuation is Internal Business Succession Planning (IBSP).
Interest in Internal Business Succession Planning (IBSP) services is expected to grow significantly.
IBSP optimises value & personal wealth through internal ownership transition.
3-Key insights:
- Most Accurate Financial Benchmarks
- Exclusive Non-Financial KPI Data
- Top Performer Reporting
Firm life-cycle stages:
- Start – Buy – Invest
- Grow – Improve
- Value – Succession – Exit
Supporting insights:
- Concerns – Top 3 Concerns keeping Lawyers awake at night
- Drivers – industry strongest & weakest drivers
- Benchmarks – most accurate & biggest performance variance
- Non-Financial KPIs – 70 risk-profit-value driver KPIs
- Insights into industry Top performers
- Growth – ATO compliant business valuation resources, referral partnerships & high-value industries
- AI – risk or opportunity?
- Succession essentials
- Process – 3-stage IBSP
- Goodwill – risks associated with Personal Goodwill
Case studies:
The session includes practical case studies on how to use industry benchmarks, Top Performer data & reports to engage existing clients, enhance your compliance, advisory & wealth services & secure new client opportunities.
Learning Outcomes:
Develop a Legal Services industry specialisation
Introduce data-backed business advisory services
Improve practice planning outcomes
Access reliable industry financial-benchmarking data
Discover non-financial KPIs that affect firm performance & value
Enhance ATO compliant Business Valuations with supporting data
Attract high-value industry clients by offering IBSP services
Suited to:
Law Firm Partners/Directors, practice managers & key staff.
Accountants, Financial Planners, Finance Brokers who advise law firms, or are looking to establish a Legal Services industry specialisation.
Banking Legal Services industry teams.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Top Performing Law Firms – What are they doing differently?Video
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Grant BloxhamBstar
is a data mining specialist for AUS/NZ Small-Family-SME businesses. He is considered an accounting industry thought leader, is the co-author of the ‘Judgement & Data’ White Paper & was the lead in securing Microsoft support for the Data Mining App.
Bstar’s data is expected to grow to FIVE million financial benchmarks & non-financial Risk-Profit-Value Driver KPIs by December 2026.
Over the last 25 years, Bstar has gained the trust & respect of accountants and financial advisers by offering automated business valuation, advisory & accountability App. solutions, sharing industry knowledge/expertise & strategies that boost practice profit/values.