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Two 2023 financial benchmarks for law firms: The Law Society/Hazelwoods and the Institute of Legal Finance & Management (ILFM)/Crowe

Red Star Kim

So here are two 2023 benchmarks for law firms: The Law Society/Hazelwoods and the Institute of Legal Finance & Management (ILFM)/Crowe. It’s interesting to compare the results from the two benchmarks. Around 30% of Regional firm participants reported their people only spend approximately one day a week out of the office.

Finance 130
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Managing Partners’ Forum Strategy Summit

Red Star Kim

My takeaways from the insightful facilitators and panellists were: Recruitment of lawyers is down on previous years whereas business support is up Increase in tax hires in law firms Increase in marketing roles (exceeding 2019 numbers) Whilst training/learning roles shrunk compared to 2019 there was an increase in employee relations roles Legal sector (..)

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Vetting Freelance Talent in 2023

Strategic Communications

The bottom line is that you want to have confidence that the individual can do the type of work you’re looking for and that they’ve done it successfully for others. Ask for Work Samples Casey Jones is founder and head of marketing and finance at CJ&CO, a digital marketing company.

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How Marketing and Business Development (M&BD) Assistants can shine – Develop knowledge and skills, build personal brand and increase visibility

Red Star Kim

Some observed that as the pace of change continued relentlessly, we all needed to be constantly updating our knowledge and skills. Some guidance is provided: Be more visible – the PVI model (kimtasso.com) and Be visible, assert and challenge and remember your goals (kimtasso.com) Other points of interest How to engage fee-earners?

Marketing 130
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Update on marketing and business development (M&BD) team structures

Red Star Kim

Here, the M&BD professionals – and perhaps those from other disciplines (such as finance or human resources) – will be formed into temporary project teams to assist with particular initiatives. And where firms invested in the area, the pricing teams were more likely to comprise finance professionals and experienced fee-earners.

Marketing 130
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13 Ways to Improve your Marketing Career

Insightly

Based on US national averages data from June 2023, GlassDoor reports that average marketing salaries can range from around $44,000 to $312,000. With the advent of remote work , we are lucky that many marketing networking groups have moved online to Slack, LinkedIn, or even the niche communities listed below.

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Revenue Operations / RevOps Career Path: What It Is & How to Get Started

Insightly

Compared to traditional corporate functions — like sales, marketing, human resources, and finance — revenue operations is a relatively new field. In fact, LinkedIn’s 2023 jobs analysis report found that “Head of Revenue Operations” is the fastest growing role in the US. Involved with pricing, renewal, and retention strategy.

Finance 52