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Discover the benefits of accounts receivable retainers at your law firm. It is a powerful tool for streamlining cash flow and optimizing your business’s financial health. Maintaining a steady cash flow is crucial for sustainability and growth in today's competitive market. With accounts receivabl...
We all know the equation: more clients, cases, and revenue. But what if there are more profitable paths than simply expanding your caseload? This article dives into the often-overlooked world of law firm overhead and how strategically managing these costs can significantly impact your bottom line...
The legal tech landscape is abuzz with the arrival of Clio Accounting, the latest offering from Clio, a name synonymous with legal practice management software. On the surface, it promises a streamlined, all-in-one solution for attorneys seeking to simplify their financial management. The allure...
Law firms can benefit from various software solutions tailored to their specific needs. Let's explore some of the most commonly used types of software in law firms: Case Management Software: Features and Benefits Case management software is designed to help law firms manage their cases efficien...
As an attorney, you should review your law firm's financial statements to get a sense of the firm's economic health and identify any potential issues that may need to be addressed. Some critical financial statements that you should ask your bookkeeper to provide so you can review them include: P...
Are you ready to revolutionize your law firm practice? If so, mastering the numbers game is a critical first step. As an attorney, your expertise lies in the law rather than financial management. That's where a skilled law firm bookkeeper comes in. A law firm bookkeeper can be the secret weapon ...
In today's legal landscape, I still encounter companies that are hesitant to offer their law firm clients the option to pay by credit card. Yet, providing this payment method can significantly improve a law firm's cash flow and speed up the collection of accounts receivable. It's a win-win for bo...
In the dynamic world of law firms, there's a powerful transformation happening that you won't want to miss out on – the seamless integration of legal tech, specifically Clio and QuickBooks, into your software stack. This isn't just about convenience; it's a game-changer that can revolutionize you...
As a legal firm, effectively managing overhead expenses is crucial for maintaining profitability. Identifying and addressing the primary contributors to high overhead costs, such as office rent, staff turnover, and administrative expenditures, is essential. By strategically analyzing these areas,...
There are several tasks I like to accomplish for my clients at the end of the year, aiming to organize their files. December is the month that usually entails a period of tidying up. I aim to ensure that my existing clients' files are as prepared as possible. Considering we are entering Q4, atte...
