Law Firm Financial Management

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.

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

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

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

Brooke Lively | What matters most to law firm buyers?

Invoicing is one of the most important processes to get right.