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We found 2,033 results for "Accounting and Financial Planning for Law Firms"...

What Award-Winning Firms Know About Equipment Strategy
October 31, 2025
Technology infrastructure now defines how law firms deliver service, manage compliance, and compete for clients. The most forward-looking firms are not just upgrading systems; they are transforming how they plan, finance, and govern their technology investments.
The Impact of Washington’s Sales Tax Law Changes for Professional Service Firms
October 31, 2025
Washington state expanded the breadth of its sales tax laws, which could catch professional service firms off guard. While traditional legal and accounting services are exempt from sales tax, the ripple effects of this change could still substantially impact professional services firms, albeit in subtle but significant ways.
Charitable Giving Under The OBBBA: Strategic Tax Planning for High-Net-Worth Individuals
October 31, 2025
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, introduces sweeping reforms to the tax treatment of charitable contributions. For high-net-worth individuals (HNWIs), these changes present both strategic opportunities and new limitations that warrant careful planning to preserve philanthropic impact and optimize tax outcomes.
From First Impression to Lasting Reputation: The Case for Etiquette Training In Your Law Firm
October 31, 2025
The mandatory work-from-home period, followed by hybrid schedules, has caused many professionals to lose sight of common courtesies and the fundamental standards of good etiquette that once guided workplace interactions. I encourage you to take a close look around your firm — observe how partners, associates, and staff communicate with one another. What you see and hear may confirm the need to intentionally rebuild a culture of respect and professionalism. Here is a list to help with your observations.
District Court Overturns Bankruptcy Court, Rejects Exclusive Rights Offering in Favor of ‘Market Test’ and ‘Equal Treatment’
October 31, 2025
So-called “creditor on creditor violence” resulting from liability management exercises (LME) can take different forms. In some aggressive cases, certain lenders are given the opportunity to finance the borrower and gain extra value or better their positions in a restructuring, while other similar lenders are left out.
Using Analytics and Predictive Modeling In Legal
October 31, 2025
For decades, in-house practitioners have chosen outside litigation counsel through instinct, personal networks and anecdotal experience, often defaulting to a familiar name, a trusted former colleague, or a firm remembered for a handful of “big wins.” More recently, some have attempted to bring data into the process, which while useful, rarely correlate with future performance in the unique circumstances of a new matter. Today, forward-looking general counsel are beginning to adopt the same kind of predictive analytics that have already reshaped other high-stakes industries.
Tensions Building Over AI Billing
October 31, 2025
AI may be accelerating legal work, but it’s also escalating tensions over how that work gets billed — and who benefits from the time saved.
Firms Getting More Nimble and Efficient In Lateral Hiring to Stay Competitive
October 31, 2025
Even as they become more probing, law firms are also moving faster to make significant lateral hires, according to industry recruiters and consultants.
An Innovation Mindset Improves Client Satisfaction and Retention, But What About Profits?
September 30, 2025
As law firms explore technological advancements ranging from generative AI to improved billing software, experts caution against having unrealistic expectations of immediately increased profitability, but they emphasize that an innovation mindset will improve client satisfaction and retention.
Performance, Not Size, Leads to Growth In Today’s Market
September 30, 2025
In today’s market, growth is no longer a function of how big you are, but how well you perform — how quickly you can make informed decisions, respond to shifting client needs, and align the entire firm around a shared vision of success. The firms that pull ahead over the next five years won’t be the ones with the most lawyers or the flashiest marketing budgets. They’ll be the ones that master the art and science of firm performance.

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