It is good to see that Taylor Wessing is taking financial management seriously.
Although the Anglo-German firm’s profits are tumbling, it’s taking a firm line with partners who are less than effective at getting bills paid. During the last financial year, the firm’s average debtor days plummeted from 73 to 64. Of course, it helps when your credit controller is a six-foot-four rugby-playing Kiwi.
“I go round like Jonah Lomu and flatten them to the floor,” reveals Mike Frawley, the firm’s resident Haka expert and partner responsible for chasing bad debts. For some reason, his technique seems to concentrate their minds.
Ex-Osborne Clarke colleagues reunited
Osborne Clarke‘s former head of Nordic Per Troen has been rejoined by partner Paul Corren to launch corporate finance boutique Corren Troen. Corren left Osborne Clarke for Holman Fenwick & Willan, but spent just seven months there before joining the new boutique. Troen set up as a sole practitioner after leaving Osborne Clarke, where he […]