Ineffective billing and collections practices affect more than the bottom line. They ultimately may determine what the firm has to…
RISK MANAGEMENT
4 bad financial habits that may increase your policy premiums and your malpractice risk
April 20, 2018 by
BILLINGS & COLLECTIONS
How are your billing and collecting processes?
April 13, 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…
CLIENT RELATIONS
The engagement letter: safety comes from clarity
April 13, 2018 by
Six things that client needs to know
An engagement letter is protection – for both firm and client…
INCREASING PROFITS
Cutting costs? What worked in 2008 won’t work today
March 30, 2018 by
When money is tight, firm administrators start rushing to make decisions to save the bottom line, perhaps relying on strategies that saw the firm through…
WORKING WITH ATTORNEYS
5 partnership points that cause more than the usual headaches
March 23, 2018 by
It’s the partnership wonder. Many, many firms, from the smallest to the most sophisticated and well known, don’t have partnerships agreements…
INCREASING PROFITS
Keep profits on track with this quick 5-point spring financial checkup
March 16, 2018 by
It happens every January. The firm makes grand resolutions to improve the financial performance.
But by spring, the attorneys get bogged down in their old habits. It’s the administrator’s job to keep the attorneys focused on their financial resolves, because their abilities and…
INCREASING PROFITS
What’s overshadowing your partnerʼs big revenues?
March 9, 2018 by
Any firm can lose money to the very partners who are bringing in the most of it. That’s because…
RECORDKEEPING
Use weekly financial reporting to keep partners aware of cash flow
March 2, 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…
INCREASING PROFITS
The top five reasons firms lose money and go out of business
February 16, 2018 by
“Lawyers become lawyers because they want to help people and practice the art of law,” says Los Angeles financial consultant…
