15/10/2026
There are only three numbers a managing partner really needs to review each month. Most firms are drowning in twenty.
Average rate recovered, work in progress ageing, and revenue lock-up. Everything else is detail that supports these three, not a substitute for them. Firms that build a monthly rhythm around these numbers make faster decisions and catch problems while they're still small.
Firms that don't tend to find out about a cash flow issue the same month it becomes a real problem. Worth checking whether these three sit on your desk every month, or only come up when something's gone wrong.
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