Continuing 30 years of Inter-Firm Comparison Performance Benchmark and Strategic Advice for Law Firms - 2009 The Inter-firm Comparison survey gives your firm practical solutions for profit improvement – quickly. Last year we identified an average profit improvement of $1.4m per firm.
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SURVEY OUTLINES

1. Inter-Firm Comparison Survey
Your firm's financial performance is compared to other firms, including high profit firms, by size, type and location.
Your confidential survey report has specific recommendations presented as a transparent profit action list. Your report highlights what you need to know to improve the firm.
This annual business survey of the legal profession has allowed FMRC to be the trusted advisors in practice performance, measurement and improvement for 30 years.

2. Salary Survey
This survey report will allow you to make informed salary decisions during your budget cycle.
This is the only Australian survey that connects a person’s production to the salaries of lawyers.

3. FMRC Strategic Consultation

Your inter-firm comparison survey will be followed up with an intensive one-hour live web teleconference for your firm’s partners and management team hosted by an FMRC management advisor. The conference will provide opportunities for in-depth discussions on your survey results and the strategic recommendations we put forward.

The teleconference, which will be conducted within two weeks of generating your report, will:

• Review and explain our findings
• Identify and discuss factors critical to success
• Determine workable strategies focussed on driving change
• Agree on actions for immediate implementation.

HOW YOUR FIRM WILL BENEFIT:

At a business level, leaders will know:

• How their business is performing
• The next steps for profit and productivity improvement in their firm
• If they are paying too much for practice overheads

At a human resource level, partners will know:

• What fee earners are paid relative to actual performance.
• What fee earners should bill relative to experience, location and compensation.

MANAGEMENT ADVISORS

At the live web meeting you spend an hour with one of our advisors.

Neil Oakes Neil has been working almost exclusively as a management consultant with the legal profession for 20 years. He undertakes consulting assignments for law firms throughout Australia and New Zealand, specialising in strategic advantage, profit growth strategies, contemporary leadership and change management. Each year he is involved with some 110 law firms of various sizes and specialty areas of practice.

Sam Coupland Sam advises in all areas of practice management working with owners and managers to develop their business.  He heads consulting assignments in firm strategy, practice planning, equity valuations and equity transfers. Sam has worked with a US technology group to bring Business Intelligence solutions to the Australian legal profession. Sam is a frequent presenter on practice management related topics and fronts many FMRC programs. He is a regular guest presenter at many professional conferences and often brings this knowledge to in-house audiences.

YOUR INVESTMENT

$2,200 (incl. GST) to participate in the 2009 benchmark surveys you will receive:

• Inter-firm Comparison Report
• Meeting with advisor to review the results and plan action
• Salary Survey Report

GUARANTEE

We believe that these reports will enable your firm to implement profit improvement strategies which will recoup the cost by a factor greater than ten. If we cannot identify improvement opportunities of this magnitude we will return the registration fee to your firm.

ASSISTANCE IN LOADING YOUR SURVEY DATA

Loading your data is now easier:

The majority of the information required comes from your management accounts including:

• Profit and Loss Account
• Balance Sheet
• Payroll
• Practice Management System
• A Personnel Worksheet makes it easy to compile your salary and production data
• Live online seminar plus phone and email support

Online tutorial for completing the questionnaire.
To save you time, a 30 minute webinar, a live online seminar, where those responsible for completing the questionnaire will learn the quickest and easiest ways to supply the data.