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…
INCREASING REVENUES
Boost quarterly profits with this proven 6-pronged cost cutting plan
November 2, 2018 by
PURCHASING AND LEASING
Paying too much office rent? Try these 7 rent-cutters
November 2, 2018 by
Can the partners live with less space?
After payroll, office space is the firm’s second highest expense, in most cases eating up from…
YOUR TO-DO LIST
TO-DOs: Your November office checklist
November 2, 2018 by
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…
INSIGHT
Haven’t prepared your 2019 budget yet? These 3 steps will help you get it done
October 22, 2018 by
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…
PRICING POLICY
Establishing an effective pricing policy in your law firm
October 12, 2018 by
As law firms evolve, tracking key metrics and producing top-tier results are absolutely necessary, and new methodologies and thought processes have…
INSIGHT
9 ways your firm can avoid the downward spiral of debt
October 9, 2018 by
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…
CLIENT RELATIONS
Unique client communication approach gives small firm a huge marketing advantage
October 9, 2018 by
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…
RECORDKEEPING
Use weekly financial reporting to keep partners aware of cash flow
October 9, 2018 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…
INSIGHT
Is your firm struggling with cash flow?
September 28, 2018 by
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…
INCREASING PROFITS
If you’re ignoring these 6 rules, you can kiss your budget good-bye
September 28, 2018 by
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…
