Any firm can lose money to the very partners who are bringing in the most of it. That’s because…
INCREASING PROFITS
7 steps you can take now to improve next year’s bottom line
September 29, 2017 by
Year-end is a great time to evaluate the firm’s finances and make a plan to improve next year’s bottom line. Even if the year…
INSIGHT
6 realities about client billing and how to address them
September 22, 2017 by
By Elizabeth M. Miller bio
Nothing strikes a nerve with clients more than having to pay legal fees. I am not sure why, but some clients think it is acceptable to…
INSIGHT
Reports of the death of the billable hour are greatly exaggerated
September 15, 2017 by
By Sue-Ella Prodonovich bio
How often are we told that the billable hour has had its day? That it’s archaic, that it’s inefficient, that it makes our clients angry and…
INCREASING PROFITS
If you’re ignoring these 6 rules, you can kiss your budget good-bye
September 15, 2017 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…
INSIGHT
How to improve processes in your law firm
September 8, 2017 by
By Elizabeth M. Miller bio
Providing maximum efficiency is an endless challenge for today’s law firms. Twenty or thirty years ago, before computers…
INSIGHT
How to build your practice when you’re busy
August 25, 2017 by
By Sue-Ella Prodonovich bio
‘How can I possibly work on business development? I’m flat out doing client work.’ It’s something I heard at a recent…
BILLINGS & COLLECTIONS
How are your billing and collecting processes?
August 25, 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…
INCREASING PROFITS
To see better profits, look harder at where money starts and ends
August 18, 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
August 11, 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…
