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6 Billing Tips Solo and Small Law Firms Can Steal from Larger Firms

Rocket Matter

If you operate a solo or small legal practice, you know that your business model must account for the size of your firm. The need to run billing every month. Except, here’s a secret you can steal from larger businesses: billing and invoicing don’t have to be a time-intensive manual process. More flexibility!

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Checklist for Conducting Your Law Firm’s Year-End Financial Review

Attorney at Work

If not, here are a few tips for tidying up your practice and doing a comprehensive financial review. A major red flag is having one employee who has all financial responsibility: check writing, bookkeeping, trust accounting and reconciliation, as well as maintaining all communication with your financial partners and bank.

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Are you struggling to make your clients pay?

Rocket Matter

Many lawyers find themselves dealing with issues they didn’t cover in law school, like client billing and invoicing. Some processes, such as billing and payments, are more troublesome than others. If it’s not easy, then the billing process can take more time for everyone involved.

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Law Firm Financial Management: A Guide for the Busy Lawyer

MatterSuite

Are you a busy lawyer struggling to balance the demands of legal practice with the complexities of managing your law firm’s finances? Together, we’ll explore the core pillars of financial success in law firms, covering everything from effective budgeting and billing practices to smart investments and risk management.

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Tax Prep for Law Firms: Year-End Tips

Rocket Matter

Reconcile all your accounts Law firms must reconcile their bank accounts at the end of the year to ensure financial accountability and transparency. But especially, check your trust accounts Trust accounting tasks should be handled on a monthly basis, but it’s important to do a final year-end review.

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Guide to Running a Solo Legal Practice

Martindale-Avvo

Many attorneys start their practices without experience in business management, accounting, or marketing — then realize they have to do all those things as a solo office. Organize Your Finances Aside from your client work, financial management is your highest priority as a solo attorney. Establishing billing and payment processes.

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How Law Practice Management Software Improves Your Finances

Centerbase

Review your law firm’s financial statements Take the pulse of your firm’s financial health by reviewing your financial statements from your LPMS. Reviewing financial and performance reports can help you identify areas of concern so you can take proactive measures to address potential issues.