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Law Firm Accounting Guide: 11 Steps to Boost Efficiency

MyCase

Key takeaway: Law firm accounting is a process that involves meticulous recordkeeping to comply with regulations set out by local jurisdictions and the American Bar Association (ABA). Detailed information is crucial to reaching your law firm’s financial goals and maintaining client transparency.

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The Benefits of Boutique Law Firms

MyCase

A boutique law firm’s case management process provides a different experience for lawyers and clients. . In this article, we’ll uncover what you need to know about boutique firms, such as: What is a boutique law firm and what is biglaw? How boutique law firms differ from biglaw firms.

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6 Billing Tips Solo and Small Law Firms Can Steal from Larger Firms

Rocket Matter

But there are also less positive ones: Running a business yourself is a lot of work. One thing law firms of all sizes have in common? However, as a small or solo law firm with limited resources, the last thing you want to sink potential billable hours into is administrative tasks and paperwork.

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The Benefits From A Small Business Credit Card [Sponsored]

Above The Law

Earn up to $750 bonus cash back with the right Business Credit Card. The post The Benefits From A Small Business Credit Card appeared first on Above the Law.

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Smart Ways to Use ChatGPT at Your Law Practice—Without Getting into Hot Water

Rocket Matter

By streamlining tasks, including marketing and client communications (which any lawyer knows can take up more time than expected), law firms that leverage AI can increase their profitability and productivity. Understandably, many law firms are cautious about utilizing ChatGPT and other AI tools.

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What Is Law Practice Management Consulting?

NCBA Law Practice Management Blog

Law practice management consulting is, essentially, business management consulting for law firms. Why Does Your Law Firm Need Business Management Consulting? That means that the vast majority of lawyers who have started law firms did so with no formal business training whatsoever.

Law Firms 100
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Cash vs. Accrual Accounting: Which Is Best for Your Law Firm?

CosmoLex

Cash and accrual basis accounting are both methods for recording law firm transactions. Choosing an accounting method is crucial for any business, helping ensure accurate financial reporting and enabling better decision-making. This simplicity makes it an attractive option for small firms with limited resources.