CPN Blog

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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Five Pitfalls Law Firms Fall Into With Their Financials

November 2020 – Adapted by Peggy Gruenke – Originally Published in Attorney at Work As an attorney, you’ve built up your skillset with years of education and training. Clients rely on you to protect some of their most sensitive information. It only stands to reason that with this trust comes a higher standard of accountability …

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Collection Realization Rates the Clio Way: Have you looked at yours lately

By: Peggy Gruenke, Owner CPN Legal The financial health of your law firm—or any business—is ultimately dependent on three components: 1. Get the work: This means selling your product – yes, you are a salesperson disguised as a lawyer. 2. Do the work: The lawyering part of your job. 3. Get paid for the work: …

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