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INCREASING PROFITS

The County Law Library: Don’t overlook this FREE and valuable legal resource

According to just about every legal management article, webinar, or podcast, the landscape of the legal market in the past few years has…


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INCREASING PROFITS

The top five reasons firms lose money and go out of business

“Lawyers become lawyers because they want to help people and practice the art of law,” says Los Angeles financial consultant…


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WORKING WITH LAWYERS

Plan firm’s transition now even if retirement is years away

Many of us daydream of how we’ll spend our retirement years; it’s the dream we’ve chased all of our careers…


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TRACKING PROFITS

Use this one easy chart to track attorney profitability

A St. Louis administrator has developed a simple chart that tracks the monthly and yearly profitability of each attorney…


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RISK MANAGEMENT

How to reduce the risk of in-office theft

Theft in law firms comes from all corners, from staff to partners.
“It happens more than people realize,” says St. Louis legal management consultant John W. Olmstead, MBA, Ph.D, CMC. In fact…


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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

Attorneys who DIY: What it actually costs your firm

By Diane L. Camacho, CLM  bio
As I work with small law firms and solo attorneys, I see time and time again, attorneys doing work and not getting paid for it. It isn’t marketing or CLE sessions that…


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BILLINGS & COLLECTIONS

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…


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MANAGING THE OFFICE

To-Dos: Your August office checklist

Usually, the middle of summer is a great time for tackling projects that you can’t get to during the rest of the year. Here are a few suggestions:…


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BILLING & COLLECTIONS

Don’t give discounts to clients without first calculating cost

Discounts are dangerous things. Some firms give them out willingly in exchange for a guaranteed volume of business. Others wind up…


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