Don’t jeopardize repeat business by unwittingly antagonizing the clients. Keeping them satisfied is a worthwhile…
INSIGHT
Dear newly hired law firm: Here’s what I really want
October 12, 2018 by
By Robert Denney bio
What would it be like to be on the receiving end of an engagement letter after accepting a new client? While they may not actually put any…
PRICING POLICY
Establishing an effective pricing policy in your law firm
October 12, 2018 by
As law firms evolve, tracking key metrics and producing top-tier results are absolutely necessary, and new methodologies and thought processes have…
RECORDKEEPING
Use weekly financial reporting to keep partners aware of cash flow
October 9, 2018 by
A Vermont manager has found that running the financial reports weekly instead of monthly is an easy way for the partners to stay always aware and in control of what’s…
INSIGHT
Is your firm struggling with cash flow?
September 28, 2018 by
By Brenda Barnes bio
While revenue production is the core goal for every business, the real magic is in understanding and managing your cash cycle. You can’t execute without cash…
TRUST ACCOUNT
Trust account errors that could get you disbarred
September 21, 2018 by
As a law firm administrator, trust accounting issues need to be your primary concern, according to Joryn Jenkins, a collaborative divorce attorney, author and…
INCREASING PROFITS
The top five reasons firms lose money and go out of business
September 7, 2018 by
“Lawyers become lawyers because they want to help people and practice the art of law,” says Los Angeles financial consultant…
MANAGING THE OFFICE
To-Dos: Your September office checklist
September 4, 2018 by
Now that the summer is over and you’re facing the final quarter, it’s time to roll up your sleeves and get to work. Here are some important tasks you…
BUDGET AND CASH FLOW FORECASTING
Why budgeting and cash flow forecasting are essential for effective law office management
September 4, 2018 by
Regardless of your opinion of budgets, they are vital for building and managing a law practice, says Brenda Barnes, a certified public accountant (CPA) and…
BILLINGS & COLLECTIONS
How are your billing and collecting processes?
August 10, 2018 by
6 best practices that fit the bill
Training some select clients to pay their bills on time might seem about as possible as…
