Law Firm Financial Management

deal killer when selling your law firm
What Are Your Non-Negotiables?

Brooke Lively | Knowing your non-negotiables is the key to making a deal to sell your firm you won't regret.

Brooke Lively - June 17, 2024
mentally preparing to sell your law practice
Mentally Preparing to Sell Your Law Practice

Brooke Lively | Did you know that 75% of those who exit (their business) 'profoundly regret' the decision with 12 months?

Brooke Lively - May 16, 2024
pay yourself first
Building a Law Firm That Pays You First: The Rule of Thirds Approach

We see it time and time again: The more law firms grow, the less profitable they become. How do you grow and still pay yourself first? When you started your law firm, it was probably just you — and maybe a paralegal or assistant. Then more ...

Brooke Lively - April 4, 2024
How to Successfully Manage Client Funds — and Mitigate Accounting and Legal Risks

Reid Thomas | Whether you’re a law firm owner or an individual attorney, it’s likely you’ll find yourself managing client funds at some point — including advance payments, settlement checks and expenses.

Reid Thomas - March 20, 2024
law firm production numbers
Selling a Law Practice: Why You Should Prep Your Law Firm — Even If You Don’t Want to Sell

Brooke Lively | When you prep your law firm to sell, you build a business that operates with or without you — so you can step out when you are ready.

Brooke Lively - February 15, 2024
law firm debt
Law Firm Debt: The Good, the Bad and the Ugly

Before determining whether debt is good or bad, we need to distinguish between two kinds of law firm debt: a line of credit and term debt.

John Scott - February 5, 2024
three strategies for a profitable law firm
Three Strategies for a Profitable 2024 for Your Law Firm

Use these three strategies for a more profitable law firm in 2024. You can be on your way to making every year more profitable than the last.

Peggy Gruenke - February 1, 2024
increasing your legal fees
Increasing Your Legal Fees: A Four-Step Approach

Erik Mazzone | Here's a four-step process for increasing your legal fees, from when and how much, to how to tell your clients.

Erik Mazzone - January 11, 2024
production numbers
To Stay on Target, Everybody in Your Law Firm Needs a Production Number

Brooke Lively | Mapping the steps in your client’s journey will reveal everyone's production numbers, so it's easier to track performance and hit firm goals.

Brooke Lively - December 14, 2023
employee engagement plan
5 Tips for Creating Your 2024 Employee Engagement Plan

Camille Stell | A culture of employee engagement is not just a trend; it's a strategic imperative.

Camille Stell - December 1, 2023
envelope

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