Financial Planning and Analysis

Finance / Business Strategy / Business Operations
CHALLENGE

Boutique Intellectual Property Law Firm was struggling with its financial picture and how to improve cash flow, cash management and Profit and Loss.

SOLUTION

Quickly identified the top three critical business issues facing the firm: 1) insufficient top-line revenue generation; 2) lack of effective cash management and 3) 33% of annual revenue as outstanding Accounts Receivable (e.g., 30-120 days).

RESULT

Results included the design and implementation of successful business turnaround plan.