How to Successfully Manage Lock Up - From Onboarding to Collection

Introduction

Legal and accountancy firms by the very nature of their work need to be in control when it comes to the financial relationships with their clients.

This new virtual classroom seminar will offer guidance on how to manage the elements that impact lock up from the point of on-boarding to collection, making it ideal for credit control teams, finance teams and fee earners.

What You Will Learn

This live and interactive session will cover the following:

• Common pitfalls to successful billing
• How to spot bottlenecks and issues before they become a crisis
• How to manage the ongoing financial relationship
• Procurement process questions to ask your clients
• Improved and empowered 'finance to finance' interactions
• How to draft procedural notes so that fee earners can easily apply client protocols to their billing runs
• How to monitor progress and know when the protocols failing
• The importance of client set up and where finance fits in with client on-boarding and continual relationship
• How to push to the fore with your firm the message that client procurement and billing requirements need to be met
• How to assess whether you have the internal structures to take on the client

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.