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Call us on: 01509 277478 - or - Email us at: solicitors@charnwoodaccountants.co.uk
Financial Benchmarking
Report for Solicitors
Ever wondered how your solicitor’s firm performs when compared to others? We’ve developed a simple, online benchmarking tool to help you identify where your practice has achieved success and where there could be some room for improvement.
GENERATE YOUR REPORT
Are you running a profitable firm?
Simply submit your information and the most relevant data will be selected enabling you to make an informed comparison between your practice and other firms. Our report will show whether your firm is 10% above, within, or lower than industry averages for different areas of your business. The information provided will show whether you are running a profitable firm, and you will receive expert guidance on any areas that need to be improved.
Our Product
With our Benchmarking Report, you can discover some of the following
Super Profit per
Equity
Partner
See the amount of profit each partner has achieved in excess of the amount expected as a salary for work carried out.
Fee Income as a Percentage of Last Years Fee Income
This shows you how much your firm has grown over
the
past 12 months.
Non-Salary Overheads as a Percentage of Fee Income
Find out what proportion of your income is being used to cover your day-to-day costs.
WIP and Debtors
Days
See how many days on average it takes your practice to turn the time spent working on a client into a bill, and the number of days it takes them to pay this.
The team at Charnwood have provided invaluable advice to us over the years. We have recommended their services to many of our clients who remain very satisfied with the speed and quality of their responses to any queries. Thank you to Chris, Paula, Dave, Karen, Lesley and all at Charnwood.
David Gilmore
Our Clients
Trusted by some of the regions leading legal firms
Supporting your business
Helping you manage your money and grow your profit.
Did you know that banks look closely at borrowings as a percentage of fee income as proof that practices can support their debts? Our financial benchmarking report will also show you the ratio of borrowings against the fee income being generated.
GENERATE YOUR REPORT
We work in partnership with D G Legal, providers of strategic and compliance services.
We offer a pre agreed service plan ensuring complete transparency.
All of our technical team are fully qualified and accessible ensuring you always receive up to date advice.
We have three Chartered Tax Advisors ensuring cutting edge tax advice.
We work in partnership with D G Legal, providers of strategic and compliance services.
We offer a pre agreed service plan ensuring complete transparency.
All of our technical team are fully qualified and accessible ensuring you always receive up to date advice.
We have three Chartered Tax Advisors ensuring cutting edge tax advice.
Talk to us
Find out how we can support your firm by talking to one of our advisors
Just leave us your contact details, some basic information and we’ll get back to you
