Management reports — The next best thing to a crystal ball

Description

Abstract: Managing partners have a difficult job: They must keep abreast of daily operations and forecast how the present is likely to affect their firm’s future. But management reports can help head off minor issues before they become major crises. This article describes four types of management reports and how they can help firm leaders keep an eye on troubling trends such as sluggish collections, low-billing attorneys and runaway expenses.