Lock-up review to implement procedures to collect cash at a quicker rate

Armstrong Watson's lock-up review will identify where procedures and practice can be improved to release cash that is locked within your firm. We will make detailed suggestions, department by department, on specific improvements that need to be made to improve cashflow and profitability.

Our lock-up review is usually undertaken in conjunction with an integrated three year forecast which demonstrate what the effect of the review recommendations, once implemented, could have on both the cash flow and profitability of the firm or department.

 

Contact our Legal Sector Partner, Andy Poole, on 07828 857830 or andy.poole@armstrongwatson.co.uk to discuss how we can help you.

  Read more about the benefits of appointing Armstrong Watson

What is it?

A report on current procedures and practices affecting cashflow with detailed suggestions of improvements.

Who is it for?

All law firms of all sizes in all locations.

What are the benefits for your firm?

  1. Increase your cash flow
  2. Have more funds for
    - Payments to partners
    - Succession planning
    - Investment
  3. Reduce your exposure to your funders

What do I have to do?

Compile required information. Pre-agreed partners and staff to be available for interviews. Partners and head of finance to attend the closing meeting.

What are the deliverables?

On-site interviews with selected Partners and staff. Presentation of draft report. Issue of final report.

What is the cost?

£3,500 plus VAT for law firms of up to 50 people. Bespoke costs agreed for larger firms.

How long will it take?

One month.

Our experience

Armstrong Watson has helped a number of practices to review and improve their lock-up, from a small two partner practice in Yorkshire, to a PI department in a 40+ partner practice in the South of England.

Your Key Contacts

Andy Poole

Legal Sector Partner

07828 857830

Email Andy

Rosy Rourke

Legal Sector Director

07557 951148

Email Rosy

Tom Blandford

Legal Sector Director

07793 621951

Email Tom

Get in touch

To find out more about how we can help you or your business, contact one of our Legal Sector Specialists above.

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