For many lawyers, keeping track of time spent on clients is a major pain. Accurately tracking your hours takes time, even if it’s just a few extra minutes a day—not to mention that you might balk at the thought of using time-tracking software and prefer to estimate hours off the top of your head. However, […]

This post is part two of a two-part series that focuses on getting Back to Basics in your law practice. Please read part 1 here, Fine-tuning Your Legal Practice Management. Like most businesses, the factors that contribute to a law firm’s financials run the gamut from the relatively straightforward—are you getting reimbursed for hard costs?—to […]

This post is part one of a two-part series that focuses on getting Back to Basics in your law practice. Please read part 2 here, Improving Your Law Firm’s Financials. We all want to implement quality practice management, and most lawyers know what that should look like for their firm on a strategic level. But […]

The average lawyer spends only 2.5 hours a day on billable client work. So while working at or running a law firm sometimes calls on one person to wear many hats, revenue growth is limited when lawyers are already spread thin. As a method of handling this workflow and focusing more time on billable hours […]

The legal world is infamous for its long work hours. Lawyers have a lot to accomplish in a day, and you can’t punt much of it to next week because next week will be busy, too. While there’s undoubtedly a level of pride in putting in the time to do your work well, the practice […]

Following up on collections with clients is unpleasant and stressful for all involved. When things come to this point, there are often a series of individual decisions to be made about how to deal with a particular client and situation. But even if you choose to pursue payment, you likely won’t receive all, or even […]

How much of your work are you writing off? The average law office writes off about 14% of their bills annually, with discounts increasing each year. If your office gives an average amount of write-offs, and you calculate your bills for a 30% profit margin, then those write-offs eliminate almost half your profits. Ouch! Why […]