The panic is almost over

For the majority of firms today is the final day of the 2006-07 financial year. Which means it is the last chance to get those bills out and make the year-end figures look as good as possible.

For the majority of firms today is the final day of the 2006-07 financial year. Which means it is the last chance to get those bills out and make the year-end figures look as good as possible.

Go on, one last push.

In reality, although there is still a billing bulge in April and there is no doubt the last few weeks of the year can be frenetic, most firms are far less dependent on the traditional end-of-year push.

Many firms have moved to monthly billing and most will already have a very good idea of how the current year, which ends today, has shaped up. In fact, it’s a sign of the times that firms such as Freshfields seem more concerned with keeping associates happy than getting their bills in. See story.

And the chances are that most will be only too happy to let the market know sooner rather than later. Apart from Linklaters, which is keeping tight-lipped until its accounts are signed off by its auditors Deloitte. See story.

So roll on the reporting season and get ready for the autumn’s main event, The Lawyer 200.

Meanwhile, The Lawyer has launched a brand-new student and trainee site, packed with top tips on starting a career in the law. To access this vital resource, visit www.lawyer2B.com.