Law Firm Profits

cost of employee turnover

Your Law Firm’s Employees Cost Too Much to Lose

Brooke Lively | A Financial Breakdown for Recruiting and Hiring a New Attorney (Holy Cow!)

Brooke Lively - January 30, 2023
growing legal practice areas

8 Legal Practice Areas Growing in 2022 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 - December 1, 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 - October 30, 2022
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
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 - October 19, 2022
document management system

Millions of Documents, One Source of Truth: NetDocuments Organize

Product Spotlight | NetDocuments. A document management system isn’t just where firms store and organize documents — it’s where work happens.

NetDocuments - September 23, 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
growing legal practice areas

Top Growth Industries and Legal Practice Areas for 2022

Michael Rynowecer | Revelations from the BTI Practice Outlook 2022.

Michael Rynowecer - September 1, 2022
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 - August 7, 2022
law firm overhead

Law Firm Overhead: What It Is — and What It Isn’t

Brooke Lively | As your firm grows, the way you look at your people and overhead starts to morph. Here are four things that get moved into your overhead category.

Brooke Lively - August 5, 2022
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