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Law Firm Profits

funding growth

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
sublet office space

Should You Sublet Office Space in Your Law Firm?

Many law firms are wondering what to do with their empty offices. Here are a few pros and cons to consider about subletting.

Katie Tejada - May 26, 2022
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 - May 22, 2022
legal practices areas

8 Legal Practice Areas Growing in 2021 and Beyond

Michael Rynowecer | Demand is broad and deep for outside counsel. Revelations from BTI's 19th Annual Survey of Top Legal Officers.

Michael Rynowecer - May 22, 2022
Lawyer multi tasking lawyer work-life balance

Why Lawyers Really Struggle for Work-Life Balance

The path to better work-life balance starts with refusing to accept “this is the way we’ve always done it, ” or “that's just what it takes to have a successful practice.”

Dustin Cole - May 10, 2022
pay yourself

Building a Law Firm That Pays You First

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

Brooke Lively - May 4, 2022
attorney compensation

Attorney Compensation: Taking Your Firm From Good to Great

Camille Stell | A modern compensation plan gives you an advantage over other firms that cling to outdated systems.

Camille Stell - April 29, 2022
law firm profits

Understanding Law Firm Profits — And What to Do With Them

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 - April 19, 2022
legal billing

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 - March 5, 2022
legal practices areas

Top Growth Industries and Legal Practice Areas for 2022

Michael Rynowecer | Revelations from the BTI Practice Outlook 2022.

Michael Rynowecer - February 1, 2022
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