From Panic to Profits

In her Attorney at Work column “From Panic to Profits,” financial advisor Brooke Lively helps lawyers and law firm owners understand the basics of financial planning and ways law firms can improve their profitability.

law firm bonuses
Understanding Law Firm Bonuses: A Simpler Bonus Structure for Associates, Paralegals and You

Brooke Lively | Consider rolling out a new bonus structure designed for the greater good of the entire firm.

Brooke Lively - September 19, 2024
law firm buyer with checklist
What Do Law Firm Buyers Want? The 3 Things That Matter Most

Brooke Lively | What matters most to law firm buyers?

Brooke Lively - August 15, 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 - July 21, 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
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
pay yourself first
Building a Law Firm That Pays You First: The Rule of Thirds Approach

We see it time and time again: The more law firms grow, the less profitable they become. How do you grow and still pay yourself first? When you started your law firm, it was probably just you — and maybe a paralegal or assistant. Then more ...

Brooke Lively - April 4, 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
production numbers
To Stay on Target, Everybody in Your Law Firm Needs a Production Number

Brooke Lively | Mapping the steps in your client’s journey will reveal everyone's production numbers, so it's easier to track performance and hit firm goals.

Brooke Lively - December 14, 2023
law firm loan package
How to Create a Great Loan Package for Your Law Firm

Brooke Lively | A loan package consists of the basic documents the bank wants to see to determine if you are a good credit risk.

Brooke Lively - November 9, 2023
envelope

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