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 …
It’s a fact. We like getting paid for our work. Unfortunately, the time and effort attorneys and their teams put in isn’t always compensated. The good news is, there are changes you can make to help your firm reduce the number of invoices to clients that go unpaid. Consider these aspects of your business as …
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 …
2020 Has Been Rough. Finish Strong and Lay a Great Foundation for 2021. Read More »
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 …
Five Pitfalls Law Firms Fall Into With Their Financials Read More »
