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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. I regularly review and summarise benchmark reports for law, accountancy, property and consultancy businesses. It’s interesting to compare the results from the two benchmarks.

Finance 100
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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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Selling in a downturn – Are your teams being trained with the proper tools for the job?

Mercuri International

Global health events have not just changed the way we work, with companies scrambling to adapt to remote working while maintaining productivity, but also who we’re selling to, as traditional customers and markets change buying patterns. Remote selling, leadership, and training. 10 tips on remote selling.

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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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Use This Customizable Sales Cover Letter Template to Win the Job

Hubspot Sales

If you’re applying to a conservative company or work in a formal industry (think finance, healthcare, or law), include a full heading: Your name and address, followed by a space, the date, followed by another space, and the company name and address. Avoid flowerly phrases like “at your leisure” or “please find attached herewith.”.

Sales 138
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COVID-19 and the Digital Transformation of Alliance Management

PartnerTap

These failures will only be exacerbated by an increasingly volatile and remote work environment. Mckinsey On Finance. McKinsey on Finance. According to McKinsey and Company , most large companies have around 30 alliances, and many have more than 100. Of those, 30 to 60% are underperforming [1]. 1] Banford, Jim.

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How to Turn Canceled B2B Events Into Sales Opportunities

Hubspot Sales

If you’re not able to hold such events for the foreseeable future, you have an opportunity to reinvest both the finances and the effort you would have used for an event into other lead generation channels. Make online meetings work for you. Having to cancel B2B events is a symptom of a wider shift in working patterns.

B2B 124