Money


Nothing But the Ruth!

Disrespectful Clients Don’t Get to Stay Clients

By | Nov.15.17 | No Comments

You know what feels good? Firing a client. My firm was hired to help a client with multiple applications for registering their intellectual property. We tell every client there’s no guarantee that we’ll be able to …Continue reading »


YOUR FINANCIAL RESOLUTIONS

Three Smart Year-End Money Moves

By | Nov.14.17 | No Comments

Think back 10 or 11 months … remember your New Year’s financial resolutions? Save more, spend less, be smarter with taxes, and construct a succession plan for your practice — we all made them. Then, …Continue reading »


Six-Month Revenue Challenge

Clio’s 2017 Legal Trends Report Has Scary Lessons for All

By | Oct.30.17 | No Comments

Clio gets to see us with our pants off. With data on the billable and nonbillable activities of more than 60,000 lawyers, Clio sees what users of the practice management platform are doing on an everyday …Continue reading »


Funding Your Law Firm

Seven Words to Learn Before You Apply for Your Next Loan

By | Sep.07.17 | No Comments

Growing law firms need cash, but cash can get tight. All firms should have access to reserve cash, such as a line of credit, but applying for a loan can be nerve-wracking — especially when …Continue reading »


Practice Management & ETHICS

Would You Pass a Trust Account Audit?

By | Sep.04.17 | 4 Comments

Every lawyer knows mismanaging a trust account (IOLTA) can have terrible consequences. However, most lawyers receive little or no training in how to manage a trust account before opening one of their own. Law schools don’t address …Continue reading »


Money and Ethics

Handling Settlement Funds: A Best-Practices Checklist

By | Aug.24.17 | 2 Comments

“So that’s how you do that!” My article on handling retainers, “Would You Pass a Trust Account Audit?,” generated a lot of inquiries and ah-hah moments. So, I’m following up with more tips on handling trust accounting transactions, focusing …Continue reading »


Billing Tips

Client Won’t Pay: What Are You Going to Do About It?

By | Jul.20.17 | No Comments

You may recall this LexisNexis report: “Law Firm Billing Survey: Collections Conversations Leave Lawyers Uncomfortable.” Duh. In what industry is a “collections conversation” a comfortable thing? The report is three years old, but just as relevant as when the …Continue reading »


Tech Tips Friday

Legal Technology Spending: Biggest Money-Wasters

By | Jun.30.17 | No Comments

The internet is really helpful at listing common ways people waste their money. But legal technology spending is a bit trickier to control than your gym fees or cable bill. Even when it’s just you …Continue reading »


LawPay Product Spotlight

Ensure Steady Cash Flow with LawPay’s Scheduled Payments Feature

By | Jun.22.17 | No Comments

Lawyers spend far too much of their valuable time chasing after unpaid invoices instead of working billable hours. Being able to schedule payments in advance provides both you and your clients with unmatched convenience, and …Continue reading »


Bonus Download

Fat Stacks: How Much Does It Cost to Start a Law Firm?

By | Jun.14.17 | No Comments

Do you have $500? Good. You’re the proud owner of a new law firm! (Seriously, congratulations.) Thanks mostly to the spate of technology advances made possible by cloud services, it is cheaper to practice law than ever …Continue reading »