Springtime – out with the old, in with the new. This is when law firms are reflecting on the financial year now ending and confirming budget plans for the coming 12 months. It should also be time to check your own financial position and lay plans for the future.
Unfortunately, the typical partner’s approach to their financial planning is ‘head in the sand’ evasion. This is occasionally interspersed with blind panic, deadline-driven action, reversion to head in the sand type, and then frustration at loss of control, poor performance and mountains of incomprehensible paperwork.
