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Legal Finance Market Insights Q1 2025
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As we approach the end of Q1, the transactional legal finance market remains busy!
Job opportunities are on the rise across multiple areas, reflecting the evolving landscape of the sector.
Here's a closer look at the key trends and roles in demand:
Revenue Control
Revenue control remains a critical focus in the legal finance sector.
Firms are actively seeking experienced working capital specialists to oversee billing, credit, and work-in-progress (WIP). These professionals play a vital role in financial operations, engaging directly with Partners and clients to optimise cash flow and efficiency.
Senior Cashiering
Demand for senior cashiering roles has surged in recent months.
Firms are looking for experienced professionals to lead and mentor junior team members, ensuring smooth financial operations. This trend includes an increase in supervisor and manager-level positions, where overseeing client and office cashier teams is essential.
Proficiency in financial systems like Aderant and Elite 3E is highly valued, as firms prioritise candidates with strong technical expertise to enhance operational efficiency.
E-Billing
E-billing remains a highly active area within legal finance, with numerous firms establishing dedicated E-billing roles within their broader billing teams.
These positions are typically filled by senior professionals with extensive experience in platforms such as E-Billing Hub, Biometrix, Legal Tracker, and CounselLink. These experts manage the entire E-billing process for specific clients and delegate tasks to junior E-billers or billers.
The demand for E-billing expertise continues to grow, with no signs of slowing down.
Credit Control
The need for dedicated credit controllers has increased, with firms seeking professionals who can manage large ledgers and effectively recover debts.
This role is crucial for maintaining the financial health of the firm and ensuring steady cash flow within the firm.
Future Outlook
Looking ahead, we anticipate continued growth in revenue control roles, particularly for working capital specialists. These positions are expected to evolve, offering more senior opportunities and greater responsibilities.
The legal finance market is posed for further development, making it an exciting time for professionals in this field to explore new opportunities and advance their careers.
About the author
Archie Humphreys is a legal finance & accounting recruitment specialist at Ambition. For more tailored market insights, feel free to contact the team.
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