Law Firm Financial Management

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.

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.

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, ...

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

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