Fractional CFO Services for Law Firms

Our management packs go significantly beyond standard profit and loss reporting. They systematically track WIP ageing, Debtor Days, overall Lock-up Cycle (WIP plus debtors), fee earner utilisation and realisation rates, matter-level profit margins, and cashflow against forecast. We configure the specific metrics to reflect your practice areas and billing model — a personal injury firm on conditional fee agreements has different KPI requirements to a commercial property firm billing on hourly rates.

No change to your existing infrastructure is required. We work directly within your current legal tech stack — connecting to Clio, Xero, or your existing PMS to extract, clean, and structure your data into meaningful reporting. If your current systems have integration or configuration issues, we resolve those as part of the engagement. The output is a bespoke reporting layer on top of your existing tools, not a replacement for them.

Lock-up is the total capital tied up in work you have done but not yet converted into cash. It is the sum of your Work in Progress (time recorded but not yet billed) and your Debtors (invoices raised but not yet paid). For most law firms, lock-up represents the single largest drain on working capital. A practice with £500,000 in annual fee income and a 120-day lock-up cycle is carrying approximately £165,000 in unbilled or uncollected revenue at any given time. Reducing that cycle by 30 days would free up over £40,000 in cash. We measure, track, and actively help you reduce your lock-up as part of the management reporting service.