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Tag Archives: law firm best practice

Don’t Use Ugly Data: 5 Secrets for Small Law Firm Accounting

Don’t Use Ugly Data 5 Secrets for Small Law Firm Accounting

“Nobody wants to look at ugly data,” says Tyler Chapman. He finds offering stakeholders sloppy and unpolished reports is one of the biggest accounting blunders law firm accounting staff can make. Instead, the LexisNexis business consultant recommends staff consider the audience first and customize reports for easy absorption. Polished reports are a function of process – and good process breeds ... Read More »

10 Signs Small Law Firms are leaving $10k a Year on the Table

10 Signs Small Law Firms are leaving $10k a Year on the Table

“If you’re not earning adequately, you’re probably not taking care of your clients adequately,” says law firm practice management consultant, Ann Guinn. Ms. Guinn believes a majority of solo and small firm attorneys are leaving money on the table, upwards of $10,000 annually and unnecessarily. “In my 30-something years in the legal industry, I never met an attorney or law ... Read More »

5 Small Law New Year’s Resolutions for Happy Lawyers

5 Small Law New Year’s Resolutions for Happy Lawyers

The practice of making New Year resolutions is thought to have stemmed from the Babylonians, according to the History Channel.   Citizens of this ancient people would reportedly vow to return borrowed farm equipment and pay off debt. While the account makes no mention of track record for sticking to those resolutions, both appear to center on financial well-being. It’s in ... Read More »

Building Client-Value Processes Into Law Firm Client Intake

Building Client-Value Processes Into Law Firm Client Intake

Every buttoned-up law firm builds protective measures into client intake. Whether it’s conflict searches, sending out engagement letters for signatures, setting up matters in practice or financial management software or any of the day-to-day tasks that play a key role in establishing proper records and conducting due diligence, all are considered standard processes for shielding the firm, and the client, ... Read More »

Rethinking Law Firm Reporting While the Pain is Fresh

Rethinking Law Firm Reporting While the Pain is Fresh

Note: The following is an excerpt from a new eBook titled 15 Ideas for Getting a Jump-Start on 2015 which is freely available with registration. Good reporting is at the heart of improving profitability in every law firm. Until firm leaders have access to the data they need in the form that helps them see the big picture and all the smaller ... Read More »

Best Practices for Effective Law Firm Client Intake

Best Practices for Effective Law Firm Client Intake

Note: This post was penned by Christopher Anderson and originally published in Legal Management Magazine in June 2103. The number of business leads were increasing every month, yet the number of cases the firm took on were declining says Luke Marchie of a firm with which he’s previously worked. The problem, according to the marketing director who is currently with Young, Klein & ... Read More »