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Attorneys spend years studying the law, yet despite all the time spent learning case law and strategy, little time is devoted to the knowledge required to run a business. Here, you’ll find the resources you need to develop your business accounting skills.

Accounting

accounting

Law Firm Accounting and Financing: Managing Your Firm’s Growing Need

As your firm grows, the demands for managing law firm accounting and financing also increase, including the need for hiring a finance expert. Read this blog about the importance of building up these areas for your contingency fee law firm.

6 minute read

accounting

How Attorneys Can Avoid the Phantom Income Trap: 3 Key Considerations

As contingency fee law firms prepare their 2022 tax returns, there are three key considerations for how attorneys can avoid the phantom income trap.

7 minute read

accounting

Structuring Your Attorney’s Fees is Part of Sound Financial Planning and Management

Structuring attorney's fees should be something to consider in your financial strategy as a way to protect cash flow for your firm in future years and support steady growth.

3 Minute Video

accounting

Prepare, Plan, and Proactively Manage Your Firm’s Finances for Success

As the market for legal representation heats up, learning how to utilize the ‘Three P’s’ of law firm finances is vital to achieving bold success.

5 Minute Video

accounting

The Counselor vs. The Creditor

Is self-financing your case costs limiting your potential growth? Ari Kornhaber and John Gomez discuss the advantages of case cost financing.

6 Minute Video

accounting

The Irregular Cash Flow Cycle

Discover a progressive approach to law firm capitalization and liquidity, and learn strategies for managing the challenges of inconsistent cash flow.

2 Minute Video

accounting

The Tax Advantages of Financing Case Costs

How a firm manages its case costs could be a tax advantage or disadvantage. Learn the tax advantages of how financing case costs can help alleviate current and future cash flow concerns, and avoid the phantom income trap.

3 Minute Video

accounting

Strategies to Combat Phantom Income

Join Ari Kornhaber (Esquire Bank) and Bryan Koshers as they discuss strategies to avoid phantom income sources, which can lead to lost revenue.

3 Minute Video

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