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Legal Accounts Salary Survey 2020 - Results 20-May-20We start with a big thank you to all of you who took the time out to contribute to our latest Salary Survey. We’ve once again had a huge response from the combined networks of the ILFM and Balance Recruitment. This year’s results will clearly be delivered during a period of significant uncertainty for us all, but we hope the data will provide some useful guidance for reference over the coming year. The results are now in... We are delighted to present our findings in this full report and hope you find this guide extremely useful. If you would like to discuss any of the information in this survey or other market trends and benchmarking, please feel free to get in touch any time. Download the PDF here...
Revenue Control Market Analysis 2019 - 20 05-Mar-20The results of our 2019 - 20 Revenue Control Market Analysis are in!!! A huge thank you to the 100+ Revenue Controllers/Managers who took the time out to contribute to the data. We’ve now crunched the numbers and compiled our report, which is freely available for download below. Our hope is that that report will primarily provide a rare resource for industry benchmarking within this niche, but the results also provide valuable information for managers to consider, and useful findings for those seeking to progress their career in this field. We would value any feedback and comments on the report, and please do get in touch if you would like to discuss the findings in further detail. THANK YOU Richard, Daniel & John Download the full report as a PDF document....
Legal Accounts Salary Survey 2020 06-Feb-20Our 2020 Legal Accounts Salary Survey is now live, and we again need to ask for your help in compiling the invaluable data, which allows us to produce the most comprehensive survey of its kind for this niche community. The legal accounts community continues to evolve rapidly, and keeping track of salary trends in such times is an ongoing challenge for employers and individuals alike. Alongside the emergence of new roles, we’ve also seen US firms investing heavily in growth in the UK, with competitive salaries driving up market rates. The survey takes only 2 minutes to complete, and is 100% confidential. We don’t ask for your name nor employer. As an added incentive, there is optional entry for participants to enter a prize draw to win a magnum of champagne. To complete the survey, please visit: www.surveymonkey.co.uk/r/LegalAccountsSalarySurvey2020 The survey will close on 29th March, with the results published in the May/June issue of the Legal Abacus and on the Balance Recruitment website later in April. We’d be very grateful if you could also share this with your colleagues and peers, and encourage them to participate!...
Quarterly Market Update - Q4 2019 28-Jan-20Read our latest Quarterly Market Update for - hiring trends for law firm accountancy and finance systems roles. Download the full document in PDF by clicking here...
Revenue Control Survey 19-20 14-Nov-19Calling all Revenue Controllers. We need your help again for our next market survey. Please click here to complete survey. Thank you...
Quarterly Market Update Q3 2019 24-Oct-19Read our Quarterly Market Update for Q3 2019 - hiring trends for law firm accountancy and finance systems roles. Download the full document in PDF by clicking here...
Case File 7 - Finance Projects Manager - Silver Circle Firm 25-Jul-19Tell us a little about what your current position involves on a day to day basis: As Finance Projects Manager, my role is to fix/resolve and streamline current processes with our clients, specifically around billing. Key requirements are to reduce rejection of invoices, produce right first time invoices, automate as many manual processes as possible and build on the client relationship and experience. At the moment, my role is reactive, I’m involved when there is a problem. I would like to turn this around and look at a proactive nature and be “client on-boarding”. For each new client, we on-board them in terms of finance, strengthening our position, rather than waiting until the client is unhappy. Two days are never the same for me and every day is challenging, each with its own urgent need. At times I can feel I am a project manager, balancing lots of departments, from Operations, IT and the client. I may find an initial solution, but this may not work in all cases, therefore I always need to be forward planning and considering Plan B and Plan C. Every role has its ups and downs. What are the good, the bad and ugly parts of your current position? The Good: The challenge, learning something new. Building the relationship with the client. Watching how you can turn an bad thing into a negative and receiving that feedback. The Bad: Internally showing that finance can support the lawyers. Finance is often seen as a “taboo” or “grey” area to the Legal Teams, but in fact, with the relevant knowledge and skills, we can all work together. I often say, I am an expert in finance, let me help you. The Ugly: Work life balance. As we are a global law firm, I need to be flexible with my time, from working early for Hong Kong, to a Sunday for the Middle East. As my head is always thinking, it can be hard to switch off. What advice would you give to someone eager to develop their career within...? If you were considering a law firm, be prepared, it is fast paced and you are often left balancing/juggling several different things. Can you rise to this? If you were considering a manager/team leader role, you need to be able to put two different hats on, your role in the Business and your role outside the business with your team. What is your number one tip on how to be successful in the role of..... ? To stand out from the crowd, always come to someone with solutions and not the problem, think outside the box and look for new innovation ideas. Put yourself in their shoes, what would they want, why do they want it? If things don’t work the first time, keep on trying. For me the best person is someone who thinks outside the box and not just following a process as they have been told to. If you were hiring for your team, what stands out to you when reviewing applications? I would look for ...
Quarterly Market Update Q2 2019 16-Jul-19Read our Quarterly Market Update for Q2 2019 - hiring trends for law firm accountancy and finance systems roles. Download the full document in PDF by clicking here ...
Quarterly Market Update Q1 2019 14-May-19Read our Quarterly Market Update for Q1 2019 - hiring trends for law firm accountancy and finance systems roles. Download the full document in PDF by clicking here ...
Salary Survey 2019 05-Feb-19Our 2019 Legal Accounts Salary Survey is now live, and we again need to ask for your help in compiling the invaluable data, which allows us to produce the most comprehensive survey of its kind for this niche community. The legal accounts community has been evolving rapidly in recent years, and keeping track of salary trends in such times is an ongoing challenge for employers and individuals alike. Alongside the emergence of new roles, we’ve also seen a steady continuation in the distribution of legal finance teams across the UK as a number of London-based law firms migrate business support teams to lower-cost offices away from the capital. The survey is 100% confidential, and takes only 2 minutes to complete with a simple online questionnaire. As an added incentive, participants in this year’s survey have the option to enter a prize draw to win a magnum of champagne. To complete the survey, please visit: www.surveymonkey.co.uk/r/2019LegalAccounts The survey will close on 24th March 2019, with the results published in the May/June issue of the Legal Abacus and on the Balance Recruitment website later in April. We’d be very grateful if you could also share this with your colleagues and peers! ...
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