LawLytics

Law Firm Financial Management

accepting crypto payments

Accepting Crypto Payments for Legal Services

Todd Carney | Sooner or later, you will have a client who wants to pay you with cryptocurrency. Here's what you should know about accepting crypto payments.

Todd Carney - November 5, 2022
law firm accounting

Law Firm Accounting: What’s in Your Law Firm’s Profit & Loss Statement?

Most small and solo law firms are working with financial statements that don’t give them the information they need to make informed business decisions. Here's a sample P&L for a law firm that looks like what I typically see.

Annette Fadness - October 30, 2022
practicing law during a recession

How to Prepare Your Law Practice for the Coming Recession

Brooke Lively | A huge number of lawyers are facing something they've never seen before.

Brooke Lively - October 25, 2022
lawyer flat fee

Ethical Considerations for Flat Fee Billing

Mark C. Palmer | Q: “I’d like to expand my law firm’s flat-fee offerings into new practice areas, but I want to make sure it's a sound financial move and an ethically permissible one.”

Mark C. Palmer - October 11, 2022
law firm ar

How Modern Law Firms Can Reduce Accounts Receivable

Mayowa Oyebadejo | Why does law firm AR pile up?

Mayowa Oyebadejo - October 10, 2022
calculator and dollar bill law firm 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 - September 27, 2022
buyer journey

Buyer Journey: What Lawyers Should Know About the Psychology of Paying for Goods and Services

Understanding the four stages of the buyer journey can point to ways to improve your marketing, practice management and payment systems.

Mayowa Oyebadejo - September 17, 2022
cutting law firm overhead

3 Lessons From the Pandemic on How to Cut Overhead and Not Feel the Sting

Brooke Lively | It is possible to reduce overhead costs while improving quality of life in your firm?

Brooke Lively - September 14, 2022
legal fees

Don’t Be Afraid to Raise Your Legal Fees

Roy Ginsburg | This is no time to be shy. Clients are never as price-sensitive as you think.

Roy S. Ginsburg - August 7, 2022
law firm overhead

Law Firm Overhead: What It Is — and What It Isn’t

Brooke Lively | As your firm grows, the way you look at your people and overhead starts to morph. Here are four things that get moved into your overhead category.

Brooke Lively - August 5, 2022
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