It’s easy to get caught up in the belief that improving law firm profitability requires bringing in more matters. Often, however, the most immediate gains are found in the money you’ve already earned but haven’t yet collected.
If your “Lock-up”—the combination of WIP and unpaid invoices—is growing, your profit is trapped in your files rather than sitting in your bank account.
Shortening the Lock-up Cycle
This is where financial data meets operational reality. While I analyse the numbers to identify exactly where the cash is stalling, Ruth brings her 25 years of commercial litigation and debt recovery experience to the table.
We don’t just point out the problem; we help you fix the “end-to-end” process—from engagement to recovery.
A Disciplined Approach to Improving Law Firm Profitability
By aligning strategic financial support with debt recovery discipline, we help firms:
- Shorten the time between “work done” and “cash in bank.”
- Implement robust credit control that protects client relationships.
- Free up the working capital needed to fund partner draws and firm expansion.
Helping you with Improving Law firm profitability
Is your profit trapped in your lock-up? Our Financial Controls Assessment identifies exactly where your firm is leaking cash.
Contact us now if you need help with this or:
- Financial Controls Assessments
- Financial Control Improvements
- Strategic Financial Direction
Elevate with Moore Financial Management
We can help you with the things you really need to increase the chances of your business being a success
- Management Accounts
- Cashflow Reporting & Forecasting
- Budgets
- Real Time up to the minute information
These are the things that add value and the information you need in order to make the correct business decisions
If you’re not confident with any of this or don’t have the time, getting us to do it with you can actually save you money. It can free up your valuable time which you can use to concentrate on your business.
You can also benefit by knowing it has been done correctly and in time.
Mistakes can be costly.
As can missing opportunities.
