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Law Firm Profits

accountability in law firms
The Secret of Increased Production for Your Law Practice? Accountability

Brooke Lively | When you have accountability, your practice can achieve remarkable growth.

Brooke Lively - June 14, 2023
law firm financial systems
Are Your Law Firm’s Financial Systems Ready to Scale?

Brooke Lively | If you want to build a bigger, more profitable firm, make sure your financial systems are ready to scale.

Brooke Lively - May 2, 2023
law firm profit
Law Firm Profits: 5 Ways You May Be Sabotaging Your Firm’s Growth

Brooke Lively | When your firm isn’t growing fast enough, focus first on these five areas.

Brooke Lively - April 5, 2023
compensation plans
The Best Compensation Plans Use the Law of Thirds

Brooke Lively | We analyzed eight offers and found one consistent thing. Not one of them was going to be profitable to the firm.

Brooke Lively - March 6, 2023
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 - March 5, 2023
pay yourself first
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 - March 4, 2023
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 - February 25, 2023
employee personality types
Have You Hired a ‘Terrorist’? 4 Kinds of Law Firm Employees

Keeping certain employee personality types can cost you, even if they perform well. Has your law firm hired a puppy or a terrorist?

Brooke Lively - February 14, 2023
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
legal practice 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 - December 1, 2022
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