What can we do for you?
If you do not control your firm, you run the risk of it controlling you.
At Styles and Co we can help you to manage all the financial aspects of your practice, leaving you free to concentrate on the other essential areas involved in running a successful business.
Providing Essential Management Information for Solicitors
Do you have all the relevant financial information about your business at your finger tips in a format which is easy to understand and benefit from?
Do you really know which areas of your firm are the most profitable?
If part of your firm is losing money, how quickly can you react?
In providing accurate and timely management information designed specifically for you and your business, we can help you recognise critical issues as and when they arise. We can also work with you to help you solve these issues in the most appropriate way.
Depending on your specific requirements, we can prepare a comprehensive monthly or quarterly practice management pack for you containing essential financial and analytical information.
Proactive Management Meetings
Do you want answers to the important questions that affect your practice?
Do you have regular access to financial experts who have specialist knowledge and a proactive approach in dealing with lawyers and legal practices?
The dynamics of an effective meeting are irreplaceable.
At Styles and Co we encourage regular meetings with our solicitor clients so that they are in a position to interpret their financial and management information properly and take actions which will really make a difference to their firm.
We can draw from our wealth of experience in this sector with a view to maximising your profitability and business value going forward.
Implementing Financial Forecasting and Budgetary Control
From a financial perspective, do you know where your firm is now, how it got there and where you would expect it to be over the coming months and years?
Have you got a robust financial plan in place?
If you haven't got a plan, how can you control the way your practice develops?
We specialise in working with our solicitor clients to help them plan effectively for the future and increase their profitability.
At Styles and Co, we use specialist financial modelling software to create financial projections for our clients, against which business performance can be measured and monitored.
In doing so, we assist our clients to define their financial goals and to achieve them.
Managing Your Business Through Financial Difficulties
Have you lost a major client or experienced a large bad debt?
Is there an area of your practice which is suffering from a downturn in demand?
Are you under pressure from your bank?
There may be times when your firm experiences cash flow difficulties and specialist help is required to manage your business through these difficulties before prospering in the future.
We can provide assistance in establishing how best to return to profit and a positive cash flow.
We can help you identify and quickly address the most critical issues affecting the viability and solvency of your practice, leaving you free to concentrate on the other vital areas during these adverse circumstances.