Law Firm Profits

Brooke Lively | How can you owe taxes if there wasn’t much cash left in the business account at the end of the year?

Roy Ginsburg | While the legal desert persists in rural America, promising steps toward change are being taken. Will they be sufficient?

Brooke Lively | It takes more than a P&L and balance sheet to understand how your firm is doing.

The annual BTI Practice Outlook shows the industries with the biggest legal spending increases and top growth legal practice areas.

Roy Ginsburg | This is no time to be shy. Clients are never as price-sensitive as you think.

How do you design compensation plans that are good for your law firm and the new hire? Follow the wise counsel of the rule of thirds. Compensation plans have become a hot topic as competition increases for good attorneys. Yet here’s the problem: ...

Product Spotlight | Whether you work for a large firm or you run your own private practice, getting your legal billing right is crucial. Keep this list from LawPay handy to ensure your bills are as client-friendly as possible.

Brooke Lively | When was the last time you reviewed your firm's organizational structure — and challenged the status quo?

The 2019 Orion Collections Survey asked law firms their No. 1 collections challenge and collected these tips for getting paid.

Most small and solo law firms are working with financial statements that don’t give them the information they need to make informed business decisions. Here's a sample P&L for a law firm that looks like what I typically see.