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What is Small Law Firms' Average Profit Margin?
You've polished your skills as a lawyer in court and learned all the little details of the law. Suppose you want to go from barely making...
Jun 25, 20245 min read
1,436

What is Overdraft Management for Law Firms?
Law firms, like any business, face their share of financial challenges. One such hurdle that often catches attorneys off guard is...
Jun 18, 20245 min read
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Strategies for Managing Advanced Costs in Personal Injury Law
A few key financial components that personal injury law companies frequently have include advance costs. The expenses associated with...
Jun 13, 20244 min read
124

Best Practices For Implementing Overdraft Notifications
We'll delve into the practices for implementing overdraft notifications tailored specifically for law firms. This article will equip you wit
Jun 11, 20245 min read
38

How to Report Overdraft Incidents to State Bars
As a lawyer, managing client trust accounts, also known as IOLTA (Interest on Lawyers' Trust Accounts) accounts, is a critical...
Jun 6, 20244 min read
94

Avoiding Common Invoicing Mistakes in Your Law Practice
As an experienced law firm bookkeeper, I've seen countless attorneys and legal professionals fall into the trap of poor invoicing habits. In
May 30, 20243 min read
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Immediate Step for Handling IOLTA Account Overdrafts
Understanding IOLTA Overdrafts: Definitions and Causes An IOLTA (Interest on Lawyers' Trust Accounts) overdraft refers to a situation...
May 28, 20245 min read
280

How to Avoid Bounced Checks in IOLTA Accounts
In the meticulous world of legal finance, maintaining the sanctity of IOLTA (Interest on Lawyer Trust Accounts) accounts is paramount....
May 21, 20244 min read
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Best Practices to Avoid Overdrafts in IOLTA Accounts
As a law bookkeeping services company, we understand the critical importance of maintaining proper trust account management to avoid...
May 14, 20244 min read
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Understanding Law Firm Client Costs: Hard Cost vs. Soft Cost
When managing a law firm's finances, distinguishing between hard costs and soft costs is essential. Both types of costs play significant...
May 10, 20243 min read
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Importance of Handling Advanced Client Costs in Law Firms
Financial management has a tremendous impact on client trust and happiness. Advanced client costs—expenses that law firms pay upfront on...
May 7, 20244 min read
351

Avoiding These 3 IOLTA Mistakes to Enhance Your Law Firm
In the intricate world of legal finance, managing an IOLTA (Interest on Lawyers Trust Accounts) is a fundamental responsibility that can...
Apr 30, 20244 min read
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