Law Firm Financial Management

annual planning process
Do You Dread the Law Firm Annual Planning Process? 5 Ways to Make It Easier and More Fun

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

David and Karen Skinner - November 7, 2024
law firm collections
Tackling Law Firm Collections: Biggest Problems

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

Kevin Harris - October 22, 2024
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 10, 2024
closing out the year law firm financial management
Law Firm Financial Management: A 5-Step Checklist to Close Out the Year

This checklist will help you tidy up by the end of the year and give you a clear picture of your firm’s financial performance.

Peggy Gruenke - October 9, 2024
client paying a lawyer's legal bill
6 Ways to Make Clients Happy to Pay Your Bills

No one likes to pay bills. Even when the service or product we are paying for, such as attorney fees, is way more valuable than the actual dollar amount on the invoice, we humans just hate to see the money out the door. For instance, ...

Merrilyn Astin Tarlton - September 27, 2024
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
billable rate
How to Increase Your Billable Rate

Advice on setting your annual billable rate increase — and how to tell your clients.

David Ackert - September 19, 2024
How To Value a Law Firm:
How To Value a Law Firm: Understanding What Your Firm is Worth

Brooke Lively | Here are the two most important factors that determine your firm's value — if you want to sell.

Brooke Lively - September 12, 2024
law firm financial review
Checklist for Conducting Your Law Firm’s Year-End Financial Review

Camille Stell | Tips for tidying up your practice and conducting a comprehensive financial review.

Camille Stell - September 12, 2024
law firm checklists
Law Firm File Management Checklist: Five Steps to Make Your Practice More Efficient and Profitable

Checklists are great for making sure you are completing routine processes in your practice without mistakes.

Peggy Gruenke - August 27, 2024
envelope

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