Heading into the new year everybody begins to assess the current year and how they can improve. It happens in our personal lives- maybe it’s losing a couple of pounds,...
It’s not secret that lawyers utilize retainers to maintain positive cash flow for their firm. In most jurisdictions, all client funds must be kept in trust accounts, but in few...
With trust accounting being so heavily scrutinized there is never a good time for them to be out of order. While there isn’t a good time for this, the end...
Cuba Gooding Jr. and Tom Cruise may have popularized the term “Show me the money,” but any attorney running their own practice should be saying the same thing. They may...
50% of businesses haven’t reconciled their bank accounts over the last 6 months! That means there is a one in two chance that your firm is going to head into...
No firm likes leakage. Especially not heading into the end of the year. Now is a great time to review your profit and loss statement. This will help your firm...
The end is near! The end of the year anyway.
I’m sure by now you are coming out of your turkey coma and turning your attention towards the December holidays....
It is imperative that your firm’s legal billing and accounting systems utilize the same set of data. Failure to align these two systems with identical data will result in bookkeeping...
Understanding the difference between income and revenue is a crucial part of running a law firm. In fact, failure to understand the difference is considered to be one of the...
Attorneys practice law, that’s what they do. It stands to reason that their success rate in courtrooms and meeting rooms is the biggest difference in keeping their practice alive and...
