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Webinar Turning Work into Money - On-Demand Webinar


This interactive webinar provides helpful advice and tips on how to manage lock up effectively, enabling cash to be realised on work done within your practice as quickly and efficiently as possible.

The points covered within the webinar will help improve both the cash flow and profitability within your practice and in these challenging times with increasing competition and the financial pressure that brings, firms and indeed individual fee earners cannot ignore the need to manage finance as effectively as possible.

The aspects covered in the webinar are as follows:-

  • The definition of lock up
  • Why is effective management of lock up so important?
  • How can lock up be measured?
  • Understanding the client’s ability to pay and agreeing terms of payment
  • Being assertive with clients on costs
  • The common pitfalls that can cause problems with lock up
  • Managing disbursements and payments on account
  • Time recording and monitoring WIP on matters
  • Efficient and prompt billing
  • The importance of client communication
  • Credit control and chasing debts
  • Other considerations
  • Questions and Answers
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1 hours


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