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...
First Attorney-Client:  Pricing your Work

First Attorney-Client: Pricing your Work

Pricing client work, especially when you’re first starting, can be challenging. Finding precisely the right amount to invoice, it’s a finesse skill. It comes with practice. Give yourself some space because you win some and you lose some. We all make...
First Attorney-Client: Engagement Prep

First Attorney-Client: Engagement Prep

This week is all about getting closer to the engagement letter and completing the file review. Back in the first post, I mentioned that you should charge for this service. In the second post, I talked about how you don’t want to forget anything or forget to look...