Law Firms and Finance

What if you stumbled on an idea that brought more growth to your firm than you expected? This might seem like something that couldn't happen to you but it did for a firm that reached out to us. The firm had been working on its marketing and internal processes and finally tweaked things enough to start seeing the new client referrals materialize and their revenue jump up faster than expected. It's true what many have said when it comes to your marketing, consistency with strategic tweaks overtime can lead to great results.  In the process of making those tweaks, there were a few key factors that they wish they would have done better, especially on the finance side of their firm so we laid out a few key financial tips to help them and wanted to share them with you. These financial tips can really help you get ahead of some of the potential problems that you could run into when your strategy starts to pick up speed as it will if you stay strategically consistent.Here are a few key topics that I discuss in this video of helpful tips:- How to implement a dynamic budgeting process to protect your firm as you grow - The key ROI metrics that you want to keep an eye on- Financial tips to avoid the pipe dream sellers - Warning for avoiding the number #1 profit killer that we have seen damage growing firms.Let us know what you think about the tips in the comments and share this with other law firms. =============Connect with Us:LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/Website: https://www.tlturnergroup.com/ Facebook: https://www.facebook.com/groups/lawandfinanceEmail: contact@tlturnergroup.com

Is Your Law Firm on the Cutting Edge? Discover Key Insights from the 2023 Clio Research Project!One of the fastest ways to take your law firm to the next level is to learn from the mistakes and successes of other firms and the the Clio Research team has made that pretty easy. In the Clio Trends reports for 2023 they have laid out the key findings about:1) issues that are hurting law firms2) opportunities to use technology more efficiently3) new metrics that help law firms find new solutionsWe sat down with Attorney Joshua Lenon, Clio's Lawyer in Residence, to explore some of the key findings that the team came up with after a year of researching and studying what is happening in the legal industry. Joshua also gives us some tips on things that we can look forward to for 2024 and a little more context on a new financial metric called Lockup.The Clio research team is so excited about what they found that they are already starting the research in preparation for the 2024 Clio report that will be unveiled at the Clio Conference in 2024 in Austin, Texas.#ClioCloudConference #LegalInnovation #LawFirmGrowth #NetworkingOpportunities #AdvanceYourPractice"

When you go to a conference there are always a few key takeaways so Kristen David and I sat down to recap the 2023 Clio conference in Nashville, TN and we got into a really good conversation about AI for law firms, workflows and common problems that we see law firms stumbling into. Enjoy the conversation and tell a friend!Watch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Join host Terrell Turner on the Law Firms and Finance Show for a crucial discussion about the evolving legal landscape. Discover how the transformation of the billable hour impacts your law firm. Stephanie Everett, CEO of Lawyerist, guides you through navigating change and succeeding in a dynamic environment.Explore Stephanie's journey from law practice to coaching and consulting. Learn essential team leadership and adaptation strategies. Dive into overcoming challenges in transitioning from tasks to delegation. Gain insights on effective management and growth strategies. Explore Lawyerist's coaching, consulting, and training offerings.Stay ahead in the shifting legal landscape. Tune in to this episode on the Law Firms and Finance Show for empowering insights. Adapt, thrive, and transform your firm's performance in a dynamic world. Join the discussion with Stephanie Everett now!Watch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: A Bookkeeper can help you make better hiring decisionsSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: When you hire a bookkeeperSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Experience an enlightening episode of the Law Firms and Finance Show as host Terrell Turner engages with Clio's Joshua Lennon. Discover vital perspectives as they explore the role of technology and industry benchmarks in the realm of law firms.Joshua, a distinguished Lawyer in Residence at Clio, unveils pivotal findings from the revolutionary Legal Trends Report. Whether you're a solo practitioner or part of a mid-sized firm, this episode investigates technology adoption rates, evolving work dynamics, and the strategic utilization of key performance indicators (KPIs) to drive growth. Empower your legal practice with Clio's data-backed insights, expertly guided by Joshua, making this episode essential listening for forward-thinking law firm proprietors.Tune in to the Law Firms and Finance Show for transformative insights into the industry, effective technology integration approaches, and the priceless wisdom shared by Joshua Lennon, exclusively presented in this episode!Watch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Different Types of FinanceSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Tips for Growing Law FirmSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Shield your law firm from the growing threat of cyber risks with the invaluable expertise of Dylan Evans. In this discussion with Dylan, gain crucial insights and proactive strategies to safeguard sensitive data, preserve client trust, and fortify your firm's digital resilience. With Dylan Evans as your guide, navigate the complex landscape of cybersecurity and discover practical measures to mitigate risks, prevent cyber attacks, and establish robust defenses. Don't leave your firm's security to chance—tune in now to empower yourself with the knowledge and tools needed to navigate the ever-evolving landscape of cyber threats and ensure the security and success of your law firm.Watch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Defining Expectations With Your AccountantSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

If you are trying to grow your law firm or create more flexibility for yourself you will mostly likely need the support of a staff or contractors but if you don't have the right perspective growth nor flexibility will become your reality. We sat down with a hiring expert Molly McGrath to discuss what she has seen in her 26 years of helping law firms find, develop and keep top talent. In this conversation, she shares some great insight about key things that every law firm should keep in mind.Watch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

What if leadership was the answer to your money problems? Every month we help law firm owners dig into their financial numbers to find the root cause of their cashflow issues and very often the problem is a low level of productivity and the answer to that problem is LEADERSHIP. To explore this topic more we sat down with a dynamic leader Debbie Foster to understand how she helps law firms move past their leadership blindspots.Watch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Avoid this common mistake Subscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Learning How To Get Scrappy Subscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Why is it that many corporations never legally survive the life of the founder? Do you know if your trust or corporate entity would survive the scrutiny of a courtroom? These are all very interesting conversations and very important topics so we sat down with Lee Phillips to explore some of the aspects and considerations that are often overlooked in these areas. Lee has had an interesting path in practicing law and has worked on creating many self-study resources that help individuals and lawyers learn the common pitfalls and the helpful tips for maximizing the use of Trust and Corporate entity structures. Here is the link for the free LLC Mini-course - http://legalees.com/turnerWatch or listen in on the whole discussion here - https://link.chtbl.com/lawandfinJoin the Facebook Group: https://www.facebook.com/groups/3260594877492917#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Making Money While Keeping Your Cost LowSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Using An Organic Strategy That Get You More Leads & Improves Your Bottom LineSubscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.This week's topic: Focus on What Makes You Money Subscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0For Services: contact@tlturnergroup.com

Looking to manage your business's cash flow more effectively? In this podcast episode, we share three actionable tips that will help you avoid cash shortages and improve your business's success. Tune in now!================To Learn More About The Liveflow Tool We Use:https://www.liveflow.io/solutions/accountantsFor Resources & Support inquiries, please go to: https://www.bizprofitsecrets.comGrow Your Profits (Subscribe to the Newsletter): https://www.bizprofitsecrets.com/newsletter=============Connect with Us: Instagram: https://www.instagram.com/businesstalklibrary Website: https://www.bizprofitsecrets.com/ Facebook:https://www.facebook.com/TLTurnerGroupEmail: contact@tlturnergroup.com#stuffyouraccountantisnttellingyou #tlturnergroup #businessowners #accountant #entrepreneur #bizprofitsecrets#cashflow