Tag Archives: law firm finance

Breakdown Your Accounts Receivable

In what condition are your accounts receivable?

While your total accounts receivable number from your accounting system tells you the total amount of money owed by your firm’s clients, your …

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A Quick Firm Checkup: How’s Your Billing Realization?

Usually, when a firm’s billing realization rate starts to slip, this is an indication that the firm is using ineffective procedures to do the work, or the responsible time biller isn’t as familiar with the area of law as he or she should be, or both. Either way, it means it’s time to take a look at who’s doing the work and how he or she is doing it, to determine whether training or the implementation of new work processes is needed.
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