Accounting and Financial Planning Tips for Law Firm Owners
Discover essential financial guidance specifically crafted for law firms to propel their success.
Maximizing Law Firm Profits: Why Ditching the Billable Hour Model is Essential
I know, you keep hearing about flat fees and how it’s the thing to do. You also have your doubts about why it might not work for you, or you don’t know where to start to make this transition. Truth be told, not every practice area is a good fit for a flat fee model. However, most of them are. And with a little bit of data, you can make the switch without sacrificing profits.
The Billable Hour is a Thing of the Past - What’s Next for Law Firms
Say the words “billable hour” to any attorney and they might groan at the memory of tracking their work time in three-minute increments. Billable hours, once a staple of the law industry, are quickly becoming a thing of the past. So, what’s next?