Insights

Your budget should align with your Firm’s strategic goals.  Even if you don’t have a big bow on your strategy or like most, just have a general idea of what you would like to do in the coming year, you can still benefit from a well prepared budget.

While usually not financial experts, Managing Partners of small and mid-sized law firms still need to be able to set expectations of their finance and accounting team.

I’ve never been in an accounting department that didn’t need some type of improvement. It’s just evolution, even well run processes need tweaks over time.

It may feel a little unnatural but understanding and visualizing your desired results will allow you to design your procedures to ensure you get clear measurable information out of your processes.  This is key to constant improvement.

Quality information is the foundation of any good decision making. When running a law firm, the quality of the information you use can significantly impact your client relationships, and sometimes even your ability to practice.