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Law Firm Financial Management

practicing law during a recession
How to Prepare Your Law Practice for the Coming Recession

Brooke Lively | A huge number of lawyers are facing something they've never seen before.

Brooke Lively - October 25, 2022
lawyer flat fee
Ethical Considerations for Flat Fee Billing

Mark C. Palmer | Q: “I’d like to expand my law firm’s flat-fee offerings into new practice areas, but I want to make sure it's a sound financial move and an ethically permissible one.”

Mark C. Palmer - October 11, 2022
law firm ar
How Modern Law Firms Can Reduce Accounts Receivable

Mayowa Oyebadejo | Why does law firm AR pile up?

Mayowa Oyebadejo - October 10, 2022
buyer journey
Buyer Journey: What Lawyers Should Know About the Psychology of Paying for Goods and Services

Understanding the four stages of the buyer journey can point to ways to improve your marketing, practice management and payment systems.

Mayowa Oyebadejo - September 17, 2022
cutting law firm overhead
3 Lessons From the Pandemic on How to Cut Overhead and Not Feel the Sting

Brooke Lively | It is possible to reduce overhead costs while improving quality of life in your firm?

Brooke Lively - September 14, 2022
how are law firm owners paid
How Are Law Firm Owners Paid? Total Compensation vs. Salary

During the year, most small firm owners can’t tell what they’ve been paid or how much it's really costing to run the firm. Here's a solution.

Brooke Lively - July 13, 2022
How Much Capital in Your Law Firm?

"How much capital should I have in my firm?” It’s a question I hear frequently from lawyers and business owners. It seems like a simple question, but the answer is rarely simple. The level of capital you need depends on your practice, and how ...

Michael Baker - June 22, 2022
maintaining a positive cash flow
5 Small Changes That Can Improve Your Law Firm’s Cash Flow

LawPay Checklist | Maintaining a positive cash flow is essential for your law firm. This white paper, we’ll lay out five ways to impact your bottom line.

LawPay - June 10, 2022
law firm accounts receivable
How Zero AR Can Transform Your Firm’s Cash Flow

To reach zero AR, firms must use batch billing processes and automatic withdrawals for payment.

Erika Winston - June 7, 2022
Funding Growth: Are You Starving Your Law Firm?

Brooke Lively | We see it all the time — the more law firms grow, the less profitable they become.

Brooke Lively - June 2, 2022
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