Law Firm Financial Management

Ask the head of most any law firm about the compensation for a given employee, you'll likely hear something like “$35 an hour” or “$75,000 a year.” Of course the dollar figure is correct but it does not represent total compensation.

Brooke Lively | Underperforming billers cost far more than their salary. They create a drag on revenue, waste valuable leadership time and poison your firm's culture.

Today’s lawyer-entrepreneurs want to move fast—and they're frustrated, says Brooke Lively. Focus on these five things to keep your growth from stalling.

Brooke Lively says that with clear, measurable requirements, you can choose new partners wisely and with less fear. Here are three things that make a good partner.

Process Improvement Tips | There is a tool that can give you the confidence to assign work, know it’s getting done, and actually walk away from your firm.

Without written processes, even a routine task can take longer than it should. But the biggest downside? You won’t be able to delegate work quickly and effectively.

Doug Walker | A guide to using Profit First in your law firm to create stability, reduce stress and build a business that pays you first.

Process Improvement Tips | The 5-Minute Matter Review is a simple away to bring visibility, control and accountability to your work.

Camille Stell | Compensation is one of the most powerful levers a firm has to shape behavior, reward success and signal its values.

Is your law practice protected? Learn how law firm disability insurance can safeguard your firm's financial stability.