Law Firm Financial Management

How do you design compensation plans that are good for your law firm and the new hire? Follow the wise counsel of the rule of thirds. Compensation plans have become a hot topic as competition increases for good attorneys. Yet here’s the problem: ...

Karen Dunn Skinner and David Skinner | Here are five process improvement tips to help you handle conflict checks efficiently and ethically.

Process Improvement Tips | Essential steps to ensure your annual legal fee increases are thoughtful, fair and easy to implement.

Product Spotlight | Whether you work for a large firm or you run your own private practice, getting your legal billing right is crucial. Keep this list from LawPay handy to ensure your bills are as client-friendly as possible.

Pursuing personal projects or part-time work is not new for lawyers, but the “great reassessment” has amplified the discussion.

It may seem easier to just let things slide … but ask yourself: Would you work for free?

Brooke Lively | When was the last time you reviewed your firm's organizational structure — and challenged the status quo?

Setting annual goals can feel a little overwhelming. But like everything in your law firm, it’s easier if you have a process.

The 2019 Orion Collections Survey asked law firms their No. 1 collections challenge and collected these tips for getting paid.

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.