Need a better bottom line?
Don’t go the way of most firms and start “stripping the heck out of the operating costs.” The real dollars come from…
INCREASING PROFITS
Some not-so-difficult ways to increase revenue
May 26, 2017 by
INCREASING PROFITS
Keep profits on track with this quick 5-point spring financial checkup
April 28, 2017 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…
BILLING AND COLLECTIONS
Traditional procedures bring in the most money
April 14, 2017 by
Getting paid or not getting paid to a great extent depends on the firm’s billing and collection guidelines – and whether they are…
INCREASING PROFITS
To see better profits, look harder at where money starts and ends
February 24, 2017 by
Profit doesn’t happen without a prod.
Particularly in a tight financial environment, a firm has to know where its money is coming in and…
RECORDKEEPING
Use weekly financial reporting to keep partners aware of cash flow
February 17, 2017 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…
RISK MANAGEMENT
Four bad financial habits that may increase your policy premiums and your malpractice risk
February 17, 2017 by
Ineffective billing and collections practices affect more than the bottom line. They ultimately may determine what the firm has to…
BILLINGS & COLLECTIONS
How are your billing and collecting processes?
January 30, 2017 by
6 best practices that fit the bill
Training some select clients to pay their bills on time might seem about as possible as…
KEEPING CLIENTS HAPPY
Clients cite their top 6 turnoff points with law firms
January 13, 2017 by
Don’t jeopardize repeat business by unwittingly antagonizing the clients. Keeping them satisfied is a worthwhile…
INCREASING PROFITS
What’s overshadowing your partnerʼs big revenues?
January 6, 2017 by
Any firm can lose money to the very partners who are bringing in the most of it. That’s because…
