CBA members save on Clio, Gusto for Payroll, and Law Firm Accounting Services! New Clio subscribers, save an additional 25% for 3 months on either Boutique or Elite monthly plans. Use this link to sign up and receive your CBA member benefit discounts. Be sure to enter promo/referral code of CPN25. We will follow up with you to […]
Part II: Key Metrics to Review for Profitability We are closing out 2022 with blogs to focus on measures to track profitability. We talked about reports to prepare for 2023 in our last blog. Now let’s talk about some key metrics to have in place for 2023 and review on a regular basis. Understanding which […]
On October 10, 2022, 12 members of the CPN Legal team traveled to Nashville, Tennessee to participate in the 10th annual Clio Cloud Conference. As one of the leading Bookkeeping and Accounting groups for small and solo law practices, CPN Legal has invested time and talent in discovering and implementing the best in legal technology. […]
How Kenect Works: An Introduction to the Texting Platform In the past two years, law firms have no doubt seen a shift in the way clients communicate with lawyers, and these changes don’t seem to be going away anytime soon. One of the biggest changes we have seen in the last 18 months is through […]
Is 2023 going to be a profitable year? Key Metrics to Track Part One: Law Firms Are Profitable. Is your firm? Let’s set the stage with a very positive image: Law firm businesses are very profitable businesses. According to an IBISWorld article in 2022, law firms ranked in the Top 10 most profitable industries, seeing a 1.5% […]
This month we are digging into the importance of trust accounting. Stay tuned next month for a feature on how CPN Legal has assisted clients through trust account audits, and how we can help you stay ahead of an audit. INTRODUCTION TO TRUST ACCOUNTING When our firms talk about ethics, too often they focus on […]
This month we are closing out our summer series to help you better understand your firm’s profitability. In case you missed the earlier parts, you can find them here: Part I: Chart of Accounts Part II: Your Reports Part III: Cash Flow For the last part in our series, we will talk through some best practices […]
This summer we are digging into the tools you have in your pocket to help you better understand your firm’s profitability. In case you missed parts I and II of our series, you can find them here: Part I: Chart of Accounts Part II: Your Reports This month we are focusing on forecasting your cash flow. […]
Now that we have gotten your Chart of Accounts organized with Part I of our Summer Series, it’s time to dig into Tools for Understanding your Firm’s Profitability. Using information you already have, you can easily understand your profitability and all the pieces that go with it. All the reports we review in this post […]
This summer, we’ll be focusing on the tools you need to know when it comes to determining your firm’s profitability. As a practice owner or managing partner, it’s easy to get into a routine for handling your business processes. These tools can help you evaluate whether your routines and SOPs are boosting your profitability or […]
