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INCREASING REVENUES

Boost quarterly profits with this proven 6-pronged cost cutting plan

As revenues tighten, every administrator is forced to look for new ways to cut expenses. There are lots of dollars waiting to be saved. But many of them are in places so conspicuous they…


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PURCHASING AND LEASING

Paying too much office rent? Try these 7 rent-cutters

Can the partners live with less space?
After payroll, office space is the firm’s second highest expense, in most cases eating up from…


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YOUR TO-DO LIST

TO-DOs: Your November office checklist

There’s a lot happening this month—everything from a presidential election to Thanksgiving to Love Your Lawyer Day (yes, really). Here are at least 10 things you should…


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INSIGHT

Haven’t prepared your 2019 budget yet? These 3 steps will help you get it done

By Elizabeth M. Miller  bio
No one likes to prepare a budget. Looking ahead a year and seeing what it’s going to cost to run your law firm can sometimes be overwhelming, especially when…


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PRICING POLICY

Establishing an effective pricing policy in your law firm

As law firms evolve, tracking key metrics and producing top-tier results are absolutely necessary, and new methodologies and thought processes have…


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INSIGHT

9 ways your firm can avoid the downward spiral of debt

By Elizabeth M. Miller  bio
When it comes to debt, I believe that less is more. And it makes me shake my head when I hear about firms going into debt to finance their…


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CLIENT RELATIONS

Unique client communication approach gives small firm a huge marketing advantage

Like many small firms, one Michigan office operates in a precarious environment. With only two attorneys and four staff, it faces heavy competition from larger firms as well as from…


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RECORDKEEPING

Use weekly financial reporting to keep partners aware of cash flow

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…


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INSIGHT

Is your firm struggling with cash flow?

By Brenda Barnes  bio
While revenue production is the core goal for every business, the real magic is in understanding and managing your cash cycle. You can’t execute without cash…


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INCREASING PROFITS

If you’re ignoring these 6 rules, you can kiss your budget good-bye

It’s that time of year when law firm administrators need to “calmly and carefully consider how they are going to invest their resources to…


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