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Stumbling Out of the Blocks? Get Your Firm Back on Track

Stumbling Out of the Blocks? Get Your Firm Back on Track

The start of a new year often symbolizes a fresh beginning. But for many law firms, the early months can feel like stumbling out of the blocks. Whether it’s due to insufficient planning, unclear goals, or outdated systems, these challenges can leave firms struggling...

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Law Firm Accounting: The Essentials

Law Firm Accounting: The Essentials

Key Concepts in Law Firm Accounting Cash vs. Accrual Accounting The cash accounting system is most widely used by law firms because of its simplicity, in that income and expenses are included in the firm’s ledger only when cash transactions are made. It is also due to...

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Attorney Originations: Is it Still a Thing?

Attorney Originations: Is it Still a Thing?

In today’s fast-evolving legal industry, law firms must be agile and innovative to stay competitive. One practice that may be limiting your firm’s growth, however, is the “origination credit” model—a system that compensates attorneys primarily based on the new clients...

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KPI’s for Law Firms: The Basics

KPI’s for Law Firms: The Basics

In today's competitive legal landscape, law firms need to measure their performance to stay ahead. Key Performance Indicators (KPIs) are essential tools for assessing various aspects of a law firm's operations, ensuring they are on the path to growth and success. In...

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Create A Budget For Your Law Firm

Create A Budget For Your Law Firm

When launching a new business, a strong business plan is crucial. For new law firms, the founding partners should work together to create a business budget that sets up the firm for financial success. A strong budget can be the difference between a firm that lasts...

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How Can a Fractional CFO Benefit Your Law Firm?

How Can a Fractional CFO Benefit Your Law Firm?

Whether you’re a solo attorney or the managing partner at a firm, lawyers are constantly trying to balance the practice of law and the business of law. It can be overwhelming to both advocate for your clients and be responsible for managing the firm’s profitability....

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