Money


Getting a Grip, Part 1

Loss of Control: Lawyers’ Greatest Fear

By | Jan.06.16 | 1 Comment

When lawyers are surveyed about what keeps them awake at night, their top issue is almost always a feeling that their offices or cases are out of control. It’s not just a fear. In my …Continue reading »


More Money Next Year

Nine Vital Numbers for Your Law Firm’s Health

By | Dec.14.15 | 1 Comment

Lawyers typically hate numbers like cats hate water (or cucumbers). Business words like “profit” are often shied away from, too, due to the decorum and ethics of the legal profession. Folks, I beg you. We have to end …Continue reading »


Finances

It’s Your Money: Steps to Improve Collections

By | Dec.01.15 | No Comments

Almost every law firm has issues with collections at one time or another. At the very least, most firms would benefit from making improvements to their collections processes. So let’s take a look at some different …Continue reading »


ATTORNEY AT WORK CLASSIC

Status Check: How Much Money Will You Really Make This Year?

By | Nov.17.15 | 1 Comment

With the end of the year drawing near, who doesn’t wonder how much cash they’re going to clear — and what they can do to improve the number. Peggy Gruenke offers help in this classic …Continue reading »


Setting Fees

The Best Pricing Advice I Ever Received

By | Jun.25.15 | 6 Comments

So it was the summer of 1983, and I had reached that particular stage of adolescence when your parents have finally managed, after a long succession of hints, to get across the idea that this …Continue reading »


Enough — Or Too Much?

How Much Capital in Your Law Firm?

By | Jun.22.15 | No Comments

“How much capital should I have in my firm?” It’s a question I hear frequently from lawyers and business owners. It seems like a simple question, but the answer is rarely simple. The level of capital …Continue reading »


Ask the Experts

Best Way to Improve Your Law Firm’s Profitability?

By | Apr.29.15 | 1 Comment

Question: We’re all working hard to increase revenue from new business and reduce overall spending, but we just can’t seem to improve the bottom line. What is the best thing we can do to improve the …Continue reading »


Tax Time Tips

Essential Financial Management for Lawyer Entrepreneurs

By | Feb.18.15 | 1 Comment

If you are an attorney in your own firm, you have made the leap — you are an entrepreneur. You probably started your firm because you wanted that feeling of autonomy and control — you wanted to call …Continue reading »


Play to Win

Addressing Pricing Questions

By | Jan.27.15 | 1 Comment

Despite all the talk about alternative fees, many lawyers still bill on an hourly basis for some, if not most, of their work. Even those who use project pricing, flat fees or fixed fees still …Continue reading »


The Billable Hour

Capture More Billable Time and Stress Less

By | Jan.19.15 | 2 Comments

Filling out a daily timesheet or inputting time into your firm’s billing software can certainly be aggravating, even stressful. The annoying timer. The big blank timesheet. The blinking cursor on the computer screen that greets you every morning. It …Continue reading »