Law Firm Profitability: Accounts Receivable

Law Firm Profitability: Accounts Receivable

This week and the next few weeks we will be repeating some of our favorite Advisory posts. Why? Well, we just completed a very interesting series of courses at Scaling New Heights.  I had the good fortune to teach: Why A Niche Strategy Is Your Path To The Future...
Law Firm Profitability: The Realization Rate

Law Firm Profitability: The Realization Rate

The Realization Rate:  This important data point, once you set up your law practice on a good accounting platform and time and billing software, can really make a difference in your practice’s profitability. I’ve written several articles regarding the different...
Law Firm Profitability: Accounts Receivable

Law Firm Profitability: Accounts Receivable

When we get into discussions with new clients, we have had quite a few tell us, “We don’t have accounts receivable (AR).  We simply ask, “do you create invoices for your clients?”  If the answer is YES, then you have AR.  Data Migration Clients Accounts...
Law Firm Profitability: The Realization Rate

Law Firm Profitability: The Realization Rate

The Realization Rate:  This important data point, once you set up your law practice on a good accounting platform and time and billing software, can really make a difference in your practice’s profitability. I’ve written several articles regarding the different...