Getting paid or not getting paid to a great extent depends on the firm’s billing and collection guidelines – and whether they are…
BILLING & COLLECTIONS
Louisiana firm sets up four sure-pay systems
August 2, 2019 by
A Louisiana firm has added a handful of measures to its billing and collections work that, while simple, have generated significant benefit…
INCREASING PROFITS
To see better profits, look harder at where money starts and ends
July 26, 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…
INCREASING PROFITS
What’s overshadowing your partnerʼs big revenues?
June 28, 2019 by
Any firm can lose money to the very partners who are bringing in the most of it. That’s because…
RISK MANAGEMENT
The forgotten cause of malpractice claims is poor communication
June 14, 2019 by
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…
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…
