Cashflow Management Strategies for Law Firms
Date:
May 18, 2020
Time:
Managing law firm cash flow is critical to ensure adequate cashflow when emergencies arise, and for the overall health of your firm and even your own paychecks. Many attorneys are surprised to learn that the strategies necessary to maintain healthy cashflow are easy to implement. In this CLE you’ll learn some simple strategies for improving your firm’s cashflow, both in times of feast and famine, including:
- Terms to include in your engagement letters to maximize payment rates
- A simple collections strategy to improve cashflow both immediately and in the long term
- Building up firm reserves without sacrificing your paycheck
- Key cashflow metrics and KPIs
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