Managing the financial aspects of a law office is a multifaceted challenge that requires a delicate balance between budgeting and billing. Here are 10 strategies to consider: 1. Establish clear budgets: Effective financial management starts with a well-defined budget. Work closely with the firm's partners or management to set clear and realistic budgetary goals. Consider … [Read more...] about 10 ways to balance budgeting and billing
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Financial Mastery for Law Firm Administrators Made Easy: What Do Numbers Have to Do with It?
Download Slides for Financial Mastery for Law Firm Administrators Made Easy (PDF) Join Brenda Barnes and Camille Stell for this practical ‘how-to’ webinar that’s packed with the specific, proven tips and techniques you need to monitor and maintain your firm’s financial growth and profitability. … [Read more...] about Financial Mastery for Law Firm Administrators Made Easy: What Do Numbers Have to Do with It?
How are your billing and collecting processes?
6 best practices that fit the bill Training some select clients to pay their bills on time might seem about as possible as herding cats. But if you start the training early, you might actually achieve the impossible. Here are a few tips shared by Ronald L. Seigneur, CPA/ABV/CFF, ASA, CVA, CGMA, of Seigneur Gustafson LLP. 1. Be selective According to Seigneur, your … [Read more...] about How are your billing and collecting processes?
How to craft an effective lawyer bio
A well-crafted lawyer bio is an essential tool for showcasing the expertise and experience of your firm's attorneys. It serves as a powerful marketing and credibility-building asset, helping potential clients and colleagues understand the qualifications and background of your legal professionals. As a law office administrator, you play a crucial role in assisting lawyers in … [Read more...] about How to craft an effective lawyer bio
Report: Productivity surges as legal industry embraces AI
Clio, the world’s leading provider of cloud-based legal technology, has released its 2023 Legal Trends Report, revealing a remarkable increase in law firm productivity as technology adoption continues to rise. Legal professionals are actively embracing technology solutions to enhance workflow efficiency, boost financial performance, and optimize time management. With the … [Read more...] about Report: Productivity surges as legal industry embraces AI
What is your end of year focus?
By Brenda Barnes It’s that time of year again! We are often so busy in the last quarter of the year that many important items can get overlooked or pushed until another time. Here are 10 items you may want to give some of your attention to before end of year so you are ready to kick off 2024. Year-End Financial Planning: Review and analyze the firm's financial … [Read more...] about What is your end of year focus?
Managers embrace AI, workers feel mixed depending on generation and profession
Survey shows Gen Z and millennials are most likely to use AI to their advantage at work Automating routine tasks and increasing efficiency are the biggest anticipated benefits The use of generative AI has workers feeling a mixture of emotions about their skills and career prospects, research from talent solutions and business consulting firm Robert Half shows. According … [Read more...] about Managers embrace AI, workers feel mixed depending on generation and profession
What’s it going to take for me to rise to this challenge?
By Lynne Curry Question: I’m an easygoing, accommodating supervisor. Not only does it take a lot to upset me, but I hate conflict. As a result, some employees take advantage. This can create messy situations as the employees with strong work ethic have to pick up the slack. Soon after I hired “Sam,” he scheduled a private meeting with me and let me know Bekah was … [Read more...] about What’s it going to take for me to rise to this challenge?
Record job market for ’22 law grads but unequal for grads of color & first-gen
New employment findings from the National Association for Law Placement (NALP) reveal that despite a record shattering employment market for Class of 2022 law graduates—including the highest employment rate in 35 years—disparities in employment outcomes by race/ethnicity and level of parental education persist, with graduates of color and first-generation college students … [Read more...] about Record job market for ’22 law grads but unequal for grads of color & first-gen
Have you created your 2024 plan for recruiting paralegals?
By Camille Stell We are in an extraordinary hiring time post-pandemic: 3 million women left the workplace in 2020 and that is particularly obvious in careers that are female dominant as is the paralegal profession One in three labor force participants in the U.S. is a millennial 24% of millennials have been employed at five or more organizations 65% of … [Read more...] about Have you created your 2024 plan for recruiting paralegals?