CPN Blog

Am I Making Money? Tools for Understanding your Firms’ Financials and Firm’s Profitability

Not sure if you’re making money or just getting by? Too many business owners overlook their most important asset: their data. Your firm’s books contain your formula for success. Spending real time reviewing and understanding your metrics and reports each month can go a long way towards helping you see the big picture. Get in …

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Ask the Experts: How and Why Law Firms Are Switching from PCLaw to Clio

Peggy sat down with Rio Peterson of Clio and Clarke L. Young of Clarke Logan Young Law Office to discuss why so many firms are making the switch from PCLaw to Clio. Having trouble with the video? You can also watch the latest webinar HERE! You can even download The slides.

Cash Flow Makes Your Business Go

It’s a fundamental truth. Running a business takes money. As a small business owner, you’re well aware of the cost of doing business. As a busy attorney, how aware are you of your firm’s cash flow? Q1 is almost over. Are you on track to meet your financial goals? If you are not where you’d …

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Legal Talk Network: Peggy’s Episode

  When Peggy Gruenke’s business CPN Legal takes on projects with lawyers to implement new accounting technology and processes, she often finds a mess to clean first. Many firms don’t have adequate finance and accounting habits or make the mistake of hiring bookkeepers without experience working with law firms. Those mistakes, if not cleared up, can …

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Innovate Legal Online: Automating Your Billing and Invoicing Processes

Catch the replay of Peggy’s collaboration with Clio! You can download the slides from this presentation on Clio’s website. Have questions about this presentation? Please don’t hesitate to reach out to Peggy. Here are a few other resources you can check out! Other upcoming virtual events that you might be interested in: Virtual meetup: Building a Better …

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Lawyer to Business Pro: Best Practices

Let’s be honest. rockstar attorneys are not always rockstars when it comes to managing the business end of their practice. You’re focused on the actual practice of law and making sure your clients are receiving the best legal assistance possible. This means that sometimes, outstanding bills stay outstanding because you simply don’t have time to …

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Trust Accounting Basics

DOWNLOAD THE BOOK – Check out the e-book Peggy wrote for MyCase, Trust Accounting Basics. It provides you with a complete step-by-step outline of what you need to do to open and operate your trust accounts. MyCase – Trust Accounting Basics 1 We all know mismanaging a trust account can have terrible consequences. However, while …

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Tips to Improve Cash Flow – Start 2021 with Better Habits and Improve Collections

Let’s face it. Law school simply does not prepare attorneys to take on the challenges of business ownership. You can be truly a talented attorney with great analytic skills when it comes to the rules of evidence, but that doesn’t mean you know where to start when it comes to tracking down your outstanding client …

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Legal Trends to Watch in 2021

Written by Teresa Matich for Clio with contribution from Peggy Gruenke and others. What will it take to be a successful lawyer in 2021? With the world becoming increasingly digital in response to the COVID-19 pandemic—and with that change expected to continue even after a vaccine is distributed—it’s now more crucial than ever to stay …

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2020 Has Been Rough. Finish Strong and Lay a Great Foundation for 2021.

Let’s be honest, 2020 has probably interrupted your firm’s income. Quarter four is drawing to a close and you’ve got some clients who haven’t paid. It’s an unfortunate truth that some percentage of our billed services will not be paid. Your law firm’s collection rate can have a huge impact on your bottom line. Most …

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