Jared Correia, a consultant and legal technology expert, is the host of the Non-Eventcast, the featured podcast of the Above the Law Non-Event for Tech-Perplexed Lawyers.
The Law Firm Finance Strategies That Will Get Your Balance Sheet On Track
Your five-point plan for eliminating accounts receivable awaits.
Business owners, law firm partners included, are always chasing money, it seems.
For many, it probably feels like the natural course of business — but it doesn’t have to be that way.
With the right strategies, law firm owners can practically eliminate accounts receivable and steady their cashflow.
How? Well, you’re in the right place to find out!
Joyce Brafford of ProfitSolv is back again on the Non-Eventcast — as co-host of this set of special episodes — to talk about how new-fangled law firm financial strategies (and some old ones, too) can get your balance sheet back on track!
For this episode, we’re also joined by Brooke Lively of Cathedral Capital.
She is an expert in law firm financial strategy, and she has helped a number of law firms as an outsourced chief financial officer, with a knack for ramping up receivables. So she knows a thing or three about this topic.
This is the latest episode in special podcast series hosted in conjunction with our partner, ProfitSolv.
This episode is sponsored by RocketMatter.
In this episode, we have two new cryptids for our return to “Cryptid Corner.”
But Brooke decided to zag and named an actual creature: the stickleback — in order to lay down a unique theory of work. (Sort of impressive, actually.)
After that, Brooke shares a five-point plan for eliminating accounts receivable, including the use of evergreen retainers.
Next, we address the importance of law firm financial reporting, including which KPIs to focus on.
Lastly, Brooke and Joyce discuss how modern software supports law firm financial management, including the value of new school, customizable workflows.
If you’re feeling like your law firm financial management strategies aren’t cutting it — listen to this special edition of the Non-Eventcast podcast, because maybe it’s time to change the recipe.
