Financial Resilience & Stability - Key Considerations for Law Firms

Introduction

The need for law firms to protect client monies and maintain good financial hygiene is a priority risk for the SRA. This is evidenced by their current consultation on proposals and ideas aimed at safeguarding client money and providing redress through the Compensation Fund.

During this webinar, reporting accountant Ian Johnson of Hazlewoods will offer insights into how law firms can stay financially resilient amid economic challenges and regulatory changes.

What You Will Learn

This webinar will cover the following:

• A review of the key financial factors currently impacting on law firms - past, present and (possibly) future, including how regulatory changes might have a bearing on financial stability
• Understanding the key profitability factors in a law firm and the importance of achieving and maintaining ‘good quality’ profit per equity partner (PEP)
• Understanding the working capital cycle and working capital management
• Financial stability warning indicators

This pre-recorded webinar will be available to view from Thursday 18th September 2025

Alternatively, you can gain access to this webinar and 1,800+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.