The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
A SURVEY of the results of Law Society interventions into law firms has shown that too many practices are not paying enough attention to the monthly reconciliation of their accounts.
The survey has been compiled by Hertfordshire accountancy firm Geo Little Sebire & Co, which has set up a scheme to allow firms to share information from reports from the Law Society monitoring unit.
The firm's first information bulletin, based on more than 50 monitoring unit reports sent in voluntarily by participating firms, outlines the 10 most common accounting pitfalls firms are encountering.
The reports show the most prevalent mistake is not to take the monthly reconciliation of accounts seriously enough.
Alex Lawrie, a partner at Geo Little Sebire, said there was a lack of consistency and formality in monthly reconciliation, which often led to breaches in Law Society regulations.
He said examples of this included interest being credited by banks directly to the general client bank account and failure to review and take action where entries on client account records were not reflected by actual bank transactions.