How to Set Up an Accounting System for Law Firms
A well-structured chart of accounts is essential for accurate financial reporting and should be tailored to your firm’s specific needs.
The Finance Issue
In This Issue
Ten Strategies for Enhancing Collections and Cash Flow in Your Law Firm
Utilize technology, establish clear payment policies, and offer flexible payment options to streamline and boost collections.
What is the Difference Between a Bookkeeper, Tax Accountant, and CFO in a Law Firm?
As a law firm owner, you understand the importance of having a solid financial infrastructure in place.
What Law Firm Owners Overlook: The Key to Mastering Your Mental Health
Effective financial management allows law firm owners to reduce stress by creating predictable revenue streams, improving cash flow, and boosting profitability, leading to more stability and less anx…
The Four Upgrades that Senior Attorney-Led Firms Present to Growing Law Firms
Growing law firms that welcome senior attorney-led firm lawyers and staff as part of a firm purchase gain experience and potential subject matter knowledge authorities.
Why Fee Transparency is Key in Choosing a Wealth Manager
Attorneys should only work with investment advisers who are fiduciaries and clearly disclose all fees and potential costs associated with managing clients’ investment portfolios.
Making it Rain: Caring for Clients is Key to Success
Success in a regulatory practice involves avoiding bad results (like an enforcement action), so it is particularly important to help clients understand the value of the work.