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Quarterly Market Update 2018 - Q3 19-Oct-18Read our Quarterly Market Update for Q3 2018 - hiring trends for law firm accountancy and finance systems roles this year so far. Download the full report as a PDF document...
Quarterly Market Update 2018 - Q2 26-Jul-18Read our Quarterly Market Update for Q2 2018 - hiring trends for law firm accountancy and finance systems roles this year so far. After an anticipated dip in demand in March, the hiring market quickly burst back in to life for the Q2 period with an exceptionally busy period, at one point reaching the highest volume of ‘live’ vacancies we’ve managed during the last 10 years. US Law firms have continued to see high levels of demand, with finance teams expanding in London and any leavers being quickly replaced. We have found our US Law Firm clients to be very quick and decisive in their hiring activity, with competitive salary ranges on offer. Download the full report here:...
Hiring Market Analysis 19-Jul-18We have recently concluded our survey of Finance Systems Managers and Finance Directors within the legal sector, and attach here the findings for our 2018 Legal Finance Systems Hiring Market Analysis report. We hope you find the report informative and a useful document should you have any hiring requirements arising within your finance systems function over the coming year. Or at the very least, to be comforted that your competitors have also found this a problem area for hiring! DOWNLOAD YOUR COPY HERE...
Salary Survey 2018 10-Jun-18Thank you to all those contributed to our Salary Survey during February and March. We received another huge response from our network of contacts and ILFM members, allowing us to provide an accurate guide to current salaries for the various positions that make up the finance functions of law firms large and small, including recently emerging disciplines. The results are now in... We are delighted to present our findings in this full report and hope you find this guide extremely useful. If you would like to discuss any of the information in this survey, or other market trends and benchmarking, please feel free to get in touch any time. ...
10 'Fun Facts'! 08-Jun-1810 years’ in and here’s 10 things you wouldn’t know about Balance.......
Balance celebrate 10 years in business! 25-May-18Tuesday 29th May 2018 marks the official 10th birthday of Balance Recruitment! This is a HUGE achievement for Balance, and so we thought this would be a good opportunity to share with you the experiences of our founding directors and what they’ve made of the first 10 years in business. Richard and Kath first worked together back in 2006, and soon realised they shared an ambition to start a business, with each bringing different, yet complimentary skills and experience. We got them together in our City of London office to ask each other about reaching this milestone and here we share with you their thoughts on the journey so far! Richard’s questions to Kath… How has your role changed over the last 10 years? My role is constantly evolving depending on the needs of the business. At the very beginning, my main function was setting up the actual business and looking after all the financial/tax/legal/regulatory requirements of a start-up and also being the only administrative/support person for the business. I even spent time ‘outsourcing’ myself as an accountant to other clients – simply put, when it’s your own business you do whatever needs doing. My current role is still very much looking after all the non-sales elements of the business, however I have now also absorbed more of the commercial duties including developing a more ‘numbers focused’ client strategy and running the sales meetings to allow the Sales Director more time to sell and consult. What does reaching 10 years in business mean to you? I honestly believe this is a huge milestone and one that really needs to be sung about! We don’t pat ourselves on the back enough (in fact, never) and then when I speak to my friends outside of Balance, they all say what an amazing achievement it is. To quote a stat, only 4% of start-ups will make it through to 10 years – so woohoo that’s us! It also means it’s time to reflect and learn from the first 10 – and perhaps now be more confident as to what direction we steer the company in. What do you think is the secret to Balance’s success? I can’t actually answer this question without sounding ‘cringey’ but it really is the people. Although we are a small team, we know that every member is right for Balance. This, along with other factors of course, makes it very difficult to expand our numbers. We’re not cliquey, but we need to fit and having the right culture is key. I am certain the next few hires will be the most difficult! It really is saying something that the team we now have on board have been around for an average time of 6.5 years – that’s just unheard of in recruitment! What’s been your proudest moment over the last 10 years? Can I please not have, say, my top 3? 1) Walking in to Suite 609 at the BE offices in Beech St with you on 29th May 2008, thinking WE’VE ACTUALLY DONE IT! 2) Tracey winning her ‘Employee of the Year’ award in 2014. ...
Salary Survey results are in! 14-May-18Thank you to all those contributed to our Salary Survey during February and March. We received another huge response from our network of contacts and ILFM members, allowing us to provide an accurate guide to current salaries for the various positions that make up the finance functions of law firms large and small, including recently emerging disciplines. The results are now in... We are delighted to present our findings in this full report and hope you find this guide extremely useful. If you would like to discuss any of the information in this survey, or other market trends and benchmarking, please feel free to get in touch any time. ...
Balance makes the shortlist! 03-May-18We're excited to announce that Balance has been shortlisted in the Global Recruiter Awards 2018 for the category of Best Marketing Campaign. The team are thrilled to have reached the finals in this tough category and are proud of all their hard work and effort. For the past nine years, The Global Recruiter Awards has recognised and celebrated the best of the best in the recruitment industry. A select panel of judges were drawn from the leading edge of today’s recruitment industry to pool their thoughts and consider all the entries before making their final decisions on the shortlist. These unique Awards identify the high flyers and innovators in the industry – the people and organisations who have made a stand-out contribution to recruitment in the past 12 months. The winners will receive their awards at a ceremony in London’s Cafe de Paris on 21st June 2018. Congratulations to all the fellow finalists and we wish you all the best of luck! ...
Quarterly Market Update - Q1 2018 01-May-18Read our Quarterly Market Update for Q1 2018 - hiring trends for law firm accountancy and finance systems roles this year so far. 2018 certainly got off to a busy start! Read our latest report here: ...
Case File 6 - Senior eBilling Coordinator - Top 50 law firm 24-Apr-18Tell us a little about what your current position involves on a day to day basis: My role is primarily responsible for reviewing invoices raised for eBilling clients' to check they comply with the Outside Counsel Guidelines. I then generate LEDES files using the firms ERP system, manually manipulating as necessary and uploading the clients' chosen eBilling intermediary platform. Other responsibilities include maintaining the data held in each eBilling intermediary platform, submitting accrual information adhering the clients' deadline, Invoice rejection management and implementing the onboarding for any new eBilling clients. One of the key parts of my role is to interact with a wide range of contacts, internal (billing/credit control team, Partners, Associates, Secretaries) & external (Clients, eBilling Intermediaries). Every role has its ups and downs. What are the good, the bad and ugly parts of your current position? The Good The varied workload & continuous development of new skills, I would say I've learnt something new in eBilling every week as more and more clients move over. The Bad Not every eBilling intermediary is as good as the next, and this can sometimes be very frustrating when trying to complete daily tasks. Same issue regarding client requirements, not every ERP system can handle certain requirements so work-arounds need to be found. The Ugly Being the 'go to' person for eBilling (internal & external) can sometimes requires you handling difficult conversations/questions which are not always related to you, but you are expected to resolve. What advice would you give to someone eager to develop their career within eBilling? I think it always helps if you have an understanding of the areas in finance that surround eBilling, mainly billing & credit control, so that you understand the process from start to finish. Understanding the various LEDES formats, in depth knowledge of the file types is the key in spotting and resolving errors quickly. What is your number one tip on how to be successful in the role of a Senior eBilling Coordinator? Confidence, flexibility and good customer service. Having the confidence in knowing your subject and the ability to provide advice, with a flexible approach, helps build and develop relationships whether this is internal or external. This is always good to have as you never know when you might need a favour! If you were hiring for your team, what stands out to you when reviewing applications? Willingness & motivation to learn or develop their skills. Confidence Good eye for detail Problem solving skills – trying to find an error in a 1000 line LEDES file can be a nightmare! If you would to take part in our Secret Series, please get in touch! ...
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