Archive: September, 2012

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Legal recession: How do you make sure your firm is the one to succeed?

The combination of the economy, technology and overabundance  of lawyers has changed the legal sector.  Years ago, “hanging your shingle” and becoming a sole practitioner or a partner in a small firm lawyer was a fall back for many if other, more lucrative options didn’t pan out.  Today, out of necessity, many lawyers are becoming [...]

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The Risks of Clicking “Accept”

It is far too easy to click “Accept” when downloading apps and software programs. And for some, perhaps, it’s not as invasive as others. But as attorneys you cannot claim neglect for doing so. With a broader acceptance of online file sharing and web-based solutions it is becoming even more critical that you pay attention! [...]

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Looking at Your Books for Fun & Profit: The Income Statement

The other day I was assisting in an upgrade of accounting software at a client’s office.  The managing partner came in and was clearly agitated.  “Can you tell me,” he asked, “what an income statement is supposed to do?  My accountant says it looks great.  So how come I don’t have any money?” In order [...]

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September 17 Tip of the Week: Don’t Let Client Advances Catch You Off Guard

There are a couple of hidden black holes on your balance sheet and income statement that can be the difference between a comfortable cash flow and a challenge with cash flow. Client advances and reimbursed client expenses are two areas that often get overlooked as a threat against cash flow as they are eventually going [...]

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The One Man Band Rises Again–as a Lawyer

The One Man Band, once a fascinating and sometimes comedic vignette, is a concept that seems to have faded with technological advances music production.  Most will remember Dick Van Dyke’s depiction of such a character in the Walt Disney’s Mary Poppins.  Bert the Pavement Artist had a harmonica, a trumpet, an accordion, a snare, a [...]

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