Law Firm Financial Management

compensation plans
The Best Compensation Plans Use the Rule of Thirds

Brooke Lively | We analyzed eight offers and found one consistent thing. Not one of them was going to be profitable to the firm.

Brooke Lively - July 5, 2024
deal killer when selling your law firm
What Are Your Non-Negotiables?

Brooke Lively | Knowing your non-negotiables is the key to making a deal to sell your firm you won't regret.

Brooke Lively - June 17, 2024
mentally preparing to sell your law practice
Mentally Preparing to Sell Your Law Practice

Brooke Lively | Did you know that 75% of those who exit (their business) 'profoundly regret' the decision with 12 months?

Brooke Lively - May 16, 2024
practice group leaders
Art of Steering the Ship: The Essential Management Toolkit for Practice Group Leaders

Yuliya LaRoe | Practice group leaders fulfill four roles within a law firm. Here's an overview of the leadership and business skills needed to succeed.

Yuliya LaRoe - April 15, 2024
what is my law firm worth
What Is My Law Firm Worth?

Brooke Lively | Here are the two most important factors that determine your firm's value — if you want to sell.

Brooke Lively - April 11, 2024
How to Successfully Manage Client Funds — and Mitigate Accounting and Legal Risks

Reid Thomas | Whether you’re a law firm owner or an individual attorney, it’s likely you’ll find yourself managing client funds at some point — including advance payments, settlement checks and expenses.

Reid Thomas - March 20, 2024
what makes a law firm attractive to buyers
What Makes a Law Firm Attractive to Buyers?

Brooke Lively | What makes a law firm attractive to buyers? Exactly the same things that make a firm a joy to own. Focus on these three things.

Brooke Lively - March 14, 2024
law firm checklists
Five Checklists to Make Your Law Practice More Efficient and Profitable

Checklists are great for making sure you are completing routine processes in your practice without mistakes.

Peggy Gruenke - February 27, 2024
law firm production numbers
Why You Should Prep Your Law Firm to Sell — Even If You Don’t Want to Sell

Brooke Lively | When you prep your law firm to sell, you build a business that operates with or without you — so you can step out when you are ready.

Brooke Lively - February 15, 2024
law firm debt
Law Firm Debt: The Good, the Bad and the Ugly

Before determining whether debt is good or bad, we need to distinguish between two kinds of law firm debt: a line of credit and term debt.

John Scott - February 5, 2024

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