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Law Firm Financial Management

saving woman balancing work and saving

Saving for Retirement While Running Your Law Practice

You started your practice to have more control, freedom to choose certain clients (and fire others) and potentially, make more money. Hopefully, all or at least most of these are occurring, but I imagine it’s still challenging to save for ...

Ryan McPherson - May 24, 2018
retirement savings piggy bank with gold coins

Retirement: How Much Should You Actually Be Saving?

How much should you actually save for retirement? Everyone from your brother-in-law to your favorite (or least favorite) financial pundit has a view. But, are those opinions even remotely accurate? As opposed to pontificating about retirement ...

Ryan McPherson - April 18, 2018
money management

Financial Tips for Attorneys a Few Years Out of Law School

In an earlier post, "Money Management Tips for New Associates," we focused on how freshly minted lawyers can start their financial life on the right foot. Now let's fast-forward a few years and consider some guidance for mid-level associates and ...

Ryan McPherson - March 21, 2018

Looking for More Profit in All the Right Places

Back in January 2017, I was having breakfast with a local lawyer when he said, “I think I need to raise my rates this year. I am just not making enough money, and raising my rates should make the year more profitable.” This led me to ask, "Do ...

Chris and Peggy Gruenke - March 20, 2018
employee benefits

Understanding Your Law Firm’s Employee Benefits and Perks

If you’re an associate or other employee at a law firm, you want to make sure you’re taking full advantage of the benefits your firm offers. And if you’re a partner in a smaller firm, you should be aware of what employees will be expecting from ...

Ryan McPherson - February 21, 2018
man sitting in chair managing a law practice jared correia

All Things Must Pass: ZokuVault Keeps It Organized

ZokuVault is a virtual safety deposit box for estate planning information. Which makes sense, because all the things people used to place in safety deposit boxes are now mostly virtual items: bank accounts are electronic, so are documents. The ...

Jared Correia - December 13, 2017
tax

Five Tax Benefits to Working From a Home Office

Some lawyers choose to limit overhead by working from home. They may arrange for supplemental virtual services and conference room access. While not every practice area may lend itself to working from home, technology has made this a more common ...

Theda C. Snyder - November 24, 2017

LawPay Has the Tools You Need to Run Your Business

With LawPay, you get the tools you need to manage earnings and cash flow, and track key financial metrics. LawPay’s new reporting dashboard lets you see where your firm’s payments stand at a glance. Quickly and easily see where revenue is coming ...

LawPay - November 16, 2017
Year-End Money Moves for Lawyers

Three Smart Year-End Money Moves

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, client demands, partner requests, deal ...

Ryan McPherson - November 14, 2017
getting clients title showing three people

Get Out of that Money Mess

Everyone knows you’re good at anything you put your mind to. And if you just had the time you could untangle your personal finances just like that. But it’s just too distracting to ponder that credit card debt, student loan and mortgage payment ...

Merrilyn Astin Tarlton - January 20, 2011