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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

from £891,693 in 2021 to £939,525 in 2022 Median net profits per equity partner increased by 39%, from £146,417 in 2020 to £203,199 in 2021. This is likely driven by a combination of: Median net profits per equity partner dropped by 1.8% Median fee income per equity partner increased by 5.4%

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Key Account Management (KAM) – Research companies, use KAM technology and maintain momentum

Red Star Kim

or profits greater than £150000), active and inactive companies with up to 10 years’ of financial data. This article from January 2023 Strategic Account Management for Law Firms in the Age of Remote Working – Nexl answers the questions: What is strategic account management (SAM)? Why do law firms needs SAM?

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How to Implement Sustainable Practices and Reduce Waste in Your Business

ACT

Go remote/hybrid COVID-19 forced companies to move to remote and hybrid working environments and many businesses still follow those models. Here’s the thing—remote working can reduce your business waste and carbon footprint , too. That’s a big positive impact win for the planet.

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4 Challenges Facing Embedded Services Organizations & How to Solve Them

Planview

Below we outline four critical challenges that ESOs are facing, and how to solve them: ESOs Must Serve Two Masters: Profits & Product Adoption. As such, to be successful ESOs face the challenge of serving not one, but two masters: profits and product adoption. Yet while all of this work is valuable, only some is billable.

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New Rules for B2B Partnerships

CoSell

Recently, when remote working started skyrocketing, some businesses recognized this as a remarkable opportunity to build new partnerships. They were rethinking the entire pattern and perception about remote working. They recognized that remote work has a high value for realtors, property owners, and property managers.

B2B 52
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Pros v. Cons of a Sales Career

Brooks Group

Flexible Schedule Sales roles often offer a high degree of flexibility in terms of work schedule, location, and daily activities. Many sales jobs allow for remote work or flexible hours, giving you more control over your time. Benefits of a Sales Career Here’s a look at the benefits of a career in sales: 1.

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Trust

Mercuri International

Trust has always been a main driver to succeed in business…trusted companies have more loyal customers, lower employee turnover, higher revenue and profitability, and higher market value. In 2022, the theme of the keynote presentations was ‘trust’ – more specifically what the concept of trust holds for the world of sales.