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Practice Management Finance

Follow these business best practices to manage your firm's finances and billing more effectively.


Featured Articles


Two Veteran Lawyers Say Now Is the Time for Fixed Fees
Corporate Counsel, August 24, 2009
Is setting fixed fees for specific legal matters an idea whose time has come? Two veteran lawyers state that fixed fees would enable in-house and outside counsel to alleviate billing hassles, provide more predictable costs for clients, and better align legal services' cost and value.
Has the 401(k) failed?
Fortune, June 16, 2009
If you're like many Americans, your 401 (k) has taken a hit in recent years. Is it time to reform the system or perhaps even scrap it completely?
New Online ABA Resource Helps Lawyers Survive Tough Economy
ABA, April 2, 2009
The ABA's new Economic Recovery Resources Web Portal offers assistance for coping with tough times including information on job searching, personal development and career transition, law practice management, handling stress, and more.
Battling the Recession: Bottom-Line Client Development Tips
Law Practice Magazine, March 2009
Check out these tips for spending wisely during the recession, including suggestions on budgeting marketing dollars to restructuring your compensation system.
Will the Recession Kill the Billable Hour?
Law Practice Today, March 2009
A lack of client confidence and a faltering economy could cause the billable hour to go the way of the dinosaur. Structuring your billing accurately and appropriately is essential to maintaining your credibility.
10 Ways to Stretch Your Research Dollars: How to Get the Facts on a Dime
Practice Management Magazine, March 2009
The cost of legal research can add up, putting a strain on your budget during rough economic times. Fortunately, the Internet has made it easier and less expensive than ever to locate and verify information.
Recession-Proof Your Practice
ABA Journal, January 2009
Follow these 10 tips for protecting your business against the effects of the current recession.
Refinance Your Debt
BNET, 2008
Renegotiating debt terms can help businesses lower operating costs and conserve cash.
Poor Market Has Not Fully Hit Law Firms, Says Altman Weil Survey
Legal Times, December 16, 2008
Despite grim economic conditions, law firms balance sheets are in relatively sound shape, according to a recent survey.
Law Firm Marketing Another Casualty of Economic Slowdown?
Law.com, December 10, 2008
Firms are trimming their marketing budgets as a cost-cutting measure.
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