Clients want to be clients of financially successful law firms Often when I talk with principals of small law firms, they tell me that being a financially successful law firm is not really a priority or a focus for them. Of course they have every right not to make that a focus and as a result those firms tend to […]
Buying a Law Firm – Small Legal Practices Are you one of the many principals of small legal practices who will be looking to sell their practice in the next few years? If you understand what buyers are looking for, then you can make your practice more attractive to those buyers and potentially achieve a quicker and more lucrative result. […]
How You Can Increase Your Fees For Legal Matters One of the easiest ways to substantially lift the profitability of your legal practice is to increase your fees for legal matters you do. Now of course that comment sounds obvious, but with clients increasingly questioning fees in the current tough times how can you do it? The secret to being able to […]
Small Law Firm Profitability While lawyers and accountants both are charging for their time, accountants as a profession are perhaps more diligent in recording the time that they are spending on each matter. The subject of today”s blog will be the controversial one of recording time and look at two reasons why that can help you in your practice. Over […]
Profitability of solicitors compared with accountants While accountants have an advantage in that the Government has decreed that we all have to lodge a tax return every year, so it keeps clients coming back, that is not the only reason why accountants are doing better. In the last country solicitor blog I revealed the secret that : The earnings of […]
The secret that accountants desperately dont want lawyers to know As I have done more and more work with small legal practices, I have spent time comparing them to small accounting practices that operate in the same regions. In doing this I have discovered a secret that I think many lawyers would like to know. The secret is this. The earnings of […]
