6 best practices that fit the bill
Training some select clients to pay their bills on time might seem about as possible as…
BILLINGS & COLLECTIONS
How are your billing and collecting processes?
August 10, 2018 by
RISK MANAGEMENT
4 bad financial habits that may increase your policy premiums and your malpractice risk
August 6, 2018 by
Ineffective billing and collections practices affect more than the bottom line. They ultimately may determine what the firm has to…
BILLING & COLLECTIONS
Don’t give discounts to clients without first calculating cost
July 20, 2018 by
Discounts are dangerous things. Some firms give them out willingly in exchange for a guaranteed volume of business. Others wind up…
BILLING & COLLECTIONS
Traditional procedures bring in the most money
July 13, 2018 by
Getting paid or not getting paid to a great extent depends on the firm’s billing and collection guidelines – and whether they are…
INSIGHT
Summertime tips for small firms: How to plan for a stress-free holiday season
July 6, 2018 by
By Brenda Barnes bio
For many small business owners, summertime is often a slower time of year and a good time to take a look at your business. Even with half of the year gone…
BILLING AND COLLECTIONS
Make payment and collection policies work together to boost cash
June 22, 2018 by
Revenue problems? The best way to solve them is to prevent the collection problems. And the best way to prevent the collection problems is to put in a payment policy and…
INCREASING PROFITS
7 ways to improve your billings and collections processes
June 8, 2018 by
The financial face of the legal business has changed over the years and most firms have learned to become aggressive about collecting outstanding accounts. However, if your firm is still allowing clients to delay payment, recognize that…
INCREASING PROFITS
8 signs your firm needs an operations analysis
June 3, 2018 by
An operational analysis is an in-depth analysis of the firms’s operations, or, put simply…
READER TIPS
Louisiana firm bases attorney bonuses on amount collected
May 18, 2018 by
A Louisiana firm set up an attorney bonus program that rewards not the amount billed but the amount collected…
RISK MANAGEMENT
The forgotten cause of malpractice claims is poor communication
May 7, 2018 by
A great yet often ignored cause of malpractice claims is nothing more than poor client communication…
