ILTA White Papers

Financial Management

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2012 Financial Management Survey Results 13. What types of duties are performed by branch office staff? Accounts Payable Accounts Receivable/Collections Attorney/Partner Compensation 0 Billing Business Intelligence/Analysis Departmental Management End User Training for Financial Applications Development/Administration Financial Application Financial Systems Adminstration General Ledger/Budgeting Helpdesk for Financial Applications Payroll Pricing/Matter Management Other * * Shared litigation defense, Trust administration 1 0 1 0 0 1 1 1 1 2 5 6 15. What is the title of the head of finance? 37% Chief Finance Officer 25% Finance Director 9% Finance Manager/Administrator 6% Firm Administrator 16% Controller 3% Executive Director 3% COO 6 16. Identify any additional functions for which the top ranking finance executive assumes responsi- bility in your organization. Conflicts Office Services Payroll Practice Group Management Purchasing/Procurement Records Retirement Plan/ Other Benefits Strategic Planning Other * 13 6 * File opening and conflicts mechanics, some assistance in Reporting Human Resources Human Resources, Information Technology Information Technology Lateral Partner Due Diligence, Alternate fee/discount approvals Partnership Governance, Commercial Insurance, Client Intake 14. Please indicate the direct reporting relationship of finance within your law firm. Head of finance reports to Managing Partner Head of finance reports to COO Head of finance reports to Legal Administrator/ Executive Director Other * # of Responses 14 13 8 1 * To COO and to Firm Chairman and Executive Committee Percentage 39% 36% 22% 3% 17. How would you describe your current staffing environment/condition? 9% 28% 63% 63% Adequately staffed (just getting by) 28% Comfortably staffed (have some wiggle room) 9% Inadequately staffed (doing more with less) 6 21 6 11 7 19 14 ILTA White Paper 9

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