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Accounting and Financial Planning for Law FirmsLJN NewslettersNewsSections

Help Insulate Your Firm with Careful Year-End Planning

By Phillip A. Bottari and Richard G. Hoffman
November 21, 2008

The slowing economy has touched all sectors, and surely some of your clients are feeling the pinch. There's no question it's been a rough and uncertain couple of months. For law firms, the effects are numerous. Fees may not be coming in as reliably. Individual partners nearing retirement may have seen their nest eggs shrink dramatically. Partners may no longer have the luxury of being as tolerant of clients that are problematic from a billing perspective, draw an imbalanced share of resources, create headaches from an engagement perspective, or simply no longer fall in line with business goals.

Strengthening Finances

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