Law Firm Profits

The 2019 Orion Collections Survey asked law firms their No. 1 collections challenge and collected these tips for getting paid.

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.

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, ...

Advice on setting your annual billable rate increase — and how to tell your clients.

Brooke Lively | Consider rolling out a new bonus structure designed for the greater good of the entire firm.

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.

Staying profitable as your practice expands isn’t a given. It requires investing in systems and technology that will scale to support your growth, such as case management software, which is essential for improving operational efficiency, ...

Brooke Lively | What matters most to law firm buyers?

Brooke Lively | What makes a law firm attractive to buyers? Exactly the same things that make a firm a joy to own. Focus on these three things.