Growth & Strategy Consultancy

It’s easy to let things get a bit stale or stagnated in a law firm. Knowing that things could be or should be better is one thing, doing something about it is quite another. When faced with the question of where do you start to improve things, most of us will take the easy route and put it off until tomorrow – but tomorrow never seems to come.

That is where you need Verus UK.

Our objective is a very simple one, to maximise profitability while maintaining outstanding levels of customer service. We have worked with law firms throughout the UK, both big and small, so we know what issues you face. More importantly, we know from hands on experience what works well and what doesn’t in order to overcome these and achieve your full potential.

We will help with:

Identify your true financial performance. Most solicitors firms accounts are prepared with one thing in mind, namely to minimise tax. That may sound like a sensible approach, but the result is that a firm’s true financial performance is rarely reflected in the accounts and as such it can be exceedingly difficult to identify what is going well and what is not.  Our initial approach is often to restate your most recent financial results using standard accountancy practices so that we have a true picture of performance, and we can then benchmark and look to improve the same.

Operational review. Claimant personal injury work lends itself very well to statistical analysis and key performance indicator monitoring. Understanding the current levels of operating performance is essential if profit improvement areas are to be identified. Our operational review is specifically designed to concentrate on those areas that have a direct, and often immediate, impact on profitability.    

Future objectives. A great many Partners in law firms give knee jerk answers when we ask what it is they want to achieve – the usual ‘make more money’ tends to come high on the list. We will work with you to help you to take a step back so that we can truly map out your short, medium and longer term goals – both from a business and a personal point of view. Once we know what these objectives are, we can help build a financial and operational model to achieve them.       

Presenting facts and recommendations. We will set out our findings and recommendations in a formal report which we will present to the Partners. The report will include an action plan and a timetable for its delivery.

Does that sound like exactly what your firm needs? When you decide that the answer is yes, contact us and we will arrange a free, no obligation initial discussion.                   

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