Reporting is an integral part of maintaining any business’s financial health. Running financial reports helps businesses determine whether they’re pricing goods and services accurately and gives them insights into which future business decisions could be most profitable. Detailed reports are often required for businesses to prepare for an audit or when taxes are due. And for law firms, producing specific … Read More
2022 Year-End Accounting Checklist for Law Firms
The end of the year is a great time to spend with family, catch up on some much-needed rest, and…balance your accounting books! While you might not think about reviewing your law firm’s financials around the holidays, prioritizing your firm’s financial wellness now can keep your firm organized and profitable in the year ahead. Making a plan to review your … Read More
How Small Law Firms Can Benefit From a Legal CRM
There are many benefits to having a small law firm or solo practice. Your clients have access to more personalized service than they would at large law firms, giving you a leg up on client loyalty. You’re able to make nimble business decisions without the bureaucracy of deciding on changes as a team. You can pick and choose the precise … Read More
What to Consider When Your Law Firm is Migrating to a New Software
As a lawyer, your goal is to provide top-notch legal services for your clients. But providing great service isn’t just about achieving winning results in the courtroom. According to the American Bar Association, a significant part of maintaining legal competence is understanding relevant technology, including the benefits and risks of use. What does this mean for today’s law firms? Ethically … Read More
Time Tracking in Law Firms: Analyzing and Adjusting for Profitability
To bill clients for the work you complete, you have to track your time. It’s not just so you can send out correct invoices. (Although that is critical!) Without a record of what tasks were done on each case—and how long each task took—it would be impossible to accurately bill clients. Time tracking tools help your firm increase profitability. They … Read More
3 Time Tracking Tips for Busy Attorneys
Are you a solo attorney or small law firm working to keep up with time tracking? Tracking your time is vital for accurate billing and profitable decision-making, but it’s the one thing nearly everyone puts off until they absolutely have to do it. It’s easy to get “in the zone” while working on something for a case and let recording … Read More
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