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 […]
Improving Law Firm Cash Flow Are you looking to improve the legal practice management of your law firm? A key area legal practice management area is managing cash flow. If improving law firm cash flow is an issue for your firm, then I encourage you to watch this short video that tells you more about the law firm cash flow […]
Using Legal Practice Management Strategies for Improved Cash Flow I was talking with a principal of a Melbourne legal practice today and he told me about a number of legal practice management strategies that he has adopted that have dramatically improved cash flow his small legal practice . The strategies all came from the recent “Success Secrets of a Successful Small […]
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 […]
Improve Law Firm Cash Flow – Small Legal Practices If you want to improve law firm cash flow in your practice, then you need to make it something that you focus on and develop a Key Performance Indicator ( KPI) to measure it. What you focus on get’s managed. Of course you can’t really focus on it if you don’t […]
