Law Firm Profits

law firm dashboard
What Should Be on Your Law Firm Dashboard?

Brooke Lively | It takes more than a P&L and balance sheet to understand how your firm is doing.

Brooke Lively - February 3, 2025
legal practice areas
Top Legal Practice Areas and Growth Industries for 2025

The annual BTI Practice Outlook shows the industries with the biggest legal spending increases and top growth legal practice areas.

Michael Rynowecer - January 27, 2025
Legal Billing Dos and Don’ts: Your Quick Reference for Getting Paid

Product Spotlight | Whether you work for a large firm or you run your own private practice, getting your legal billing right is crucial. Keep this list from LawPay handy to ensure your bills are as client-friendly as possible.

LawPay - January 2, 2025
law firm profits
Law Firm Profits and Year-End Taxes: Avoiding a Surprise Tax Bill

Brooke Lively | How can you owe taxes if there wasn’t much cash left in the business account at the end of the year?

Brooke Lively - December 19, 2024
legal fees
Don’t Be Afraid to Raise Your Legal Fees

Roy Ginsburg | This is no time to be shy. Clients are never as price-sensitive as you think.

Roy S. Ginsburg - December 5, 2024
Law Firm Organizational Structure
Transforming Law Firm Organizational Structure: Why You May Not Need a Lawyer in Charge

Brooke Lively | When was the last time you reviewed your firm's organizational structure — and challenged the status quo?

Brooke Lively - November 14, 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
lawyer work life balance
Lawyer Work Life Balance: Why Lawyers Really Struggle

Lawyer work-life balance: Why Lawyers Really Struggle. Key Takeaways Link Christin recently posted a fine article titled “Shoot for a Realistic Work-Life Balance.” While he does a nice job presenting practical steps you can take right now, ...

Dustin Cole - September 25, 2024
compensation plans
The Best Law Firm Compensation Plans Use the Rule of Thirds

How do you design compensation plans that are good for your law firm and the new hire? Follow the wise counsel of the rule of thirds. Compensation plans have become a hot topic as competition increases for good attorneys. Yet here’s the problem: ...

Brooke Lively - September 20, 2024
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