A great yet often ignored cause of malpractice claims is nothing more than poor client communication…
BUDGET AND CASH FLOW FORECASTING
Why budgeting and cash flow forecasting are essential for effective law office management
May 31, 2019 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…
FINANCIAL MANAGEMENT
A guide to understanding financial data
May 24, 2019 by
Law practice owners, especially those operating smaller firms, tend not to be super-knowledgeable about…
INCREASING PROFITS
Some not-so-difficult ways to increase revenue
May 17, 2019 by
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
To see better profits, look harder at where money starts and ends
May 10, 2019 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
May 3, 2019 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…
BLOG
Can any bookkeeper be a “law firm” bookkeeper?
April 19, 2019 by
By Elizabeth Miller bio
I have no doubt you are scratching your head right now thinking, “what kind of question is that”? Indeed. What kind of question is that…
RISK MANAGEMENT
4 bad financial habits that may increase your policy premiums and your malpractice risk
April 19, 2019 by
Ineffective billing and collections practices affect more than the bottom line. They ultimately may determine what the firm has to…
INCREASING PROFITS
8 signs your firm needs an operations analysis
April 12, 2019 by
An operational analysis is an in-depth analysis of the firms’s operations, or, put simply…
