The KPI you need to measure cash flow improvement

Cash Flow Improvement KPI

The Critical Cash Flow Improvement KPI Poor cash flow will generally arise from one of two issues, or a combination of both. These are: 1) The length of time from matter commencement till payment being too long; OR 2) Low profitability Practice owners will often talk about cash flow being poor, whereas the problem is really that the firm is […]

Factors having the greatest influence on small law firm profits in 2014

Small law firm profits in 2014

What factors will have the greatest influence on small law firm profits in 2014? Macquarie Bank who is a major lender to small and medium sized law firms publishes an annual survey of small law firms that reveals some very interesting information that you can use to the benefit of your practice. One of the results of the survey that […]

Improve Your Law Firm Practice Management

Improve your Law Firm Practice Management If 2012 hasn’t produced a result for your practice that you are delighted with, what changes are you going to make in 2013 to ensure that you don’t simply repeat the previous calendar year? When it comes down to it, improving financial results in a legal practice is really about two things: Improving your […]

Is poor law firm cash flow ruining your enjoyment of practicing law?

Poor Law Firm Cash Flow – Strategies for Improving Cash flow in Small Legal Practices The results of our 2011 survey of small legal practices listed poor law firm cash flow as the number one concern of principals of practices. Fortunately there are plenty of strategies that you can adopt to quickly improve cash flow in your practice. While it […]

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Small Law Firm Blog

How to price legal services to attract high quality referrals? This is part five of a series on the top five concerns lawyers have about getting referrals. To recap, I have just concluded a survey of small law firms where I asked then what their biggest concerns were in regard to getting referrals from people within their professional network. From […]

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Testimonials

The video presentation contained practical strategies for improving cash flow. Tiffany Hart- PEACOCKES Solicitors- Dubbo NSW

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