Cash Flow Strategies for Busy Lawyers
In this episode of Accountants Law Pod, Steve and Sarah dive into essential cash flow strategies designed specifically for law firms. They unpack how accurate billing, regular financial reviews, and automated systems can improve stability and planning. From managing receivables to balancing marketing budgets and contingency fees, this discussion offers actionable steps for building a healthier, more predictable cash flow.
00:37 Cash Flow Strategy for Lawyers
01:20 Simplified Cash Flow Description
02:37 Key Cash Flow Management Tips
04:15 Importance of Software in Cash Flow
09:00 Billing and Follow-Up Best Practices
13:48 Cash Flow Challenges in Contingency Firms
17:46 Billing Strategies for Attorneys
18:39 Understanding Cash Flow Statements
19:44 Key Financial Metrics for Law Firms
20:32 Planning for Year-End Expenses
25:22 The Importance of Marketing in Cash Flow
29:15 Simplifying Cash Flow Management
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Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.