Assured Velocity
Assured Velocity: “Senior-led transformation consulting for mid-market organisations. Fixed-scope diagnostics, interim leadership, operating model design, and programme delivery.”
What professional services firms do you work with?
“We work with law firms, accountancy practices, management consultancies, engineering consultancies, architecture firms, and other knowledge-intensive professional services businesses. The common thread is that the principal asset is people and their knowledge, and operational efficiency directly affects profitability and capacity for growth.”
View in the company profileWhat transformation challenges are most common in professional services?
“The most common challenges are: time recording and billing processes that create revenue leakage, matter management and workflow that relies on individual discipline rather than system support, knowledge management that is largely informal, partner-level involvement in operational decisions that should be delegated, and management information that does not give leaders a clear view of utilisation, realisations, and profitability.”
View in the company profileHow do you improve profitability in a professional services firm without compromising quality?
“Profitability improvement in professional services comes from: improving utilisation rates (getting more billable time from existing people), improving realisations (billing more of the time recorded), reducing write-offs through better matter management, improving recovery rates for disbursements, and reducing overhead cost without touching fee-earner capability. Each firm has different leverage points - a diagnostic identifies where the biggest opportunities are.”
View in the company profile
More information from this source
- Professional Services
“Operating model and technology advisory for professional services businesses.”