1 The Harding Law Partnership (HLP) provides legal services to commercial clients in the c

1 The Harding Law Partnership (HLP) provides legal services to commercial clients in the country of Strifeland. The

partnership commenced trading on 1 June 2001. Each of the advisors employed by HLP is a specialist in the

provision of legal services in respect of ONLY one of the following categories of work:

Property;

Commercial; or

Litigation.

Appendices 1.1 and 1.2 below show statistics (both budget and actual) for the twelve month period ended 31 May

2007 for HLP and also for a competitor, Merlin Advisory Services (MAS).

Additional information relating to HLP for the year ended 31 May 2007 is as follows:

(1) Fees charged per consultation (including subcontracted consultations)

Required:

(a) Using the information contained in Appendix 1.1, prepare budgeted and actual profit and loss statements for

HLP and also a profit and loss statement on an actual basis for MAS for the year ended 31 May 2007.

(14 marks)

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  • 发布时间:2018-04-17
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(b) Using the information contained in Appendix 1.1, discuss the financial performance of HLP and MAS,incorporating details of the following in your discussion:(i) Overall client fees (total and per consultation)(ii) Advisory protection scheme consultation ‘utilisation levels’ for both property and commercial clients(iii) Cost/expense levels. (10 marks)
(c) Using the information contained in Appendix 1.2, compare the performance of HLP and MAS incorporatingrelevant percentage and ratio statistics under the following headings:(i) Competitiveness; (5 marks)
(ii) Service quality; and (7 marks)
(iii) Flexibility. (3 marks)

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