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We found 2,062 results for "Accounting and Financial Planning for Law Firms"...

For the New Year, Copy High Growth Firms by Prioritizing Marketing Investment
January 01, 2021
Firms must be cautious as they re-examine budget priorities to not underestimate the harm that can be caused by failing to consider the long-range damage that can be done to a firm's brand by cutting back too much on their marketing efforts.
AI Is Calling Time On the Billable Hour
January 01, 2021
The game has changed substantially for law firms today — the evolution of the legal business model is underway and artificial intelligence (AI) is playing a big role in calling time on the billable hour.
10 Ways to Prepare for 2021's Collision of Business and Society
January 01, 2021
As we enter 2021, we should expect the needs of business and society to continue colliding. But if law firms prepare for those collisions, they can drive better outcomes.
Late Year Collections Could Make or Break 2020 Profitability
January 01, 2021
Success in 2020 is likely to come down to who your clients are. If they were hit hard by the pandemic that will trickle down to their vendors, including law firms. But for others, the top line could come out nearly unscathed.
Is Accountant Malpractice Compensation Taxable?
January 01, 2021
If a taxpayer suffers a loss by reason of errors made by a tax advisor, and the tax advisor makes a payment to compensate the taxpayer for the loss. May the payment be excluded from the taxpayer's income subject to tax?
COVID-19 Forcing Firms to Keep Work In-House
January 01, 2021
Legal departments have been reducing outside counsel spending amid the COVID-19 pandemic and keeping more work in-house, where the demand for specialists and legal operations managers continues to grow, according to a new report.
How to Transform Mailroom Operations for Security, IG and Productivity
December 01, 2020
A Permanent Change to How Your Firm Operates Law firms need a best practice Digital Mailroom operation, not the current scan-to-email workaround, which was a triage solution at the onset of the COVID-19 crisis. Attorneys and staff working from home must have reliable, secure delivery of daily mail which is arriving at the main office.
Right-Resourcing Legal Services
December 01, 2020
What is the right strategic approach for a legal department to optimize its return on investment for the resources it deploys to render legal services?
Implications of NJ BAIT for Law Firms
December 01, 2020
NJ Senate Bill 3246 established the "business alternative income tax" (BAIT), an elective business tax regime for pass-through entities. Law firms are left wondering if electing to pay the BAIT is the right choice. This article summarizes how the NJ BAIT works, as well as its pros and cons.
Why Lawyers Stink At Business Development and What Law Firms Are Doing About It
December 01, 2020
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?

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