Listen now Spotify, Apple Podcasts, or wherever you listen ❗️Profit does not happen by accident. In this episode of Center Stage, Danny Decker sits down with Suzanne Mariga, CPA, fractional CFO, and Profit First Certified Professional, to unpack why so many law firms grow revenue but never feel financially secure. Suzanne reveals how intentional profit systems, not hope or hustle, create stable, scalable law Read More
Financial Traps Holding Your Law Firm Back
Listen now Spotify, Apple Podcasts, or wherever you listen Discover how fractional CFO expert Pam Meissner helps law firm owners escape the hidden financial traps that quietly stall growth and profitability. In this powerful conversation with Danny Decker, Pam breaks down the numbers without shame or complexity — from cash-flow clarity to smarter pricing to the systems that make a law firm scalable, profitable, Read More
150 – Elevating Your Financial Stability with Susanne Mariga
Ever wondered how to transform your business's financial stability and increase your profits? We're joined by Susanne Mariga, a CPA and fractional CFO with two decades of expertise. Susanne shares the revolutionary Profit First model, a strategy that has been a game changer in our own business. We dive into the basics of this model, shedding light on the importance of having multiple bank accounts and how to pay Read More
Key Law Firm Metrics Part 2: Win Rate – LFMM 566
Our series on law firm metrics continues with a short discussion on your firm's win rate. What is it and why is it important to track? Marc has the answer. Read More
5 Big Financial Mistakes Most Small Firms Make
When you’re running a small law firm, client service and representation will be your key focus, but it shouldn’t be the only one. You also want to keep a close eye on your finances. Money matters, and making mistakes in this department can have serious consequences. In this article, we'll highlight five common financial blunders that small law firms often make. Whether you're just starting out or have been Read More
The AR Playbook: 10 Proven Tips to Collect What You’re Owed
As with any business, law firms rely on cash flow to keep their operations running smoothly. However, not all clients pay promptly, and any delay or failure in collecting accounts receivable (ARs) can impact your bottom line. With legal fees accumulating over time, it becomes crucial to ensure timely payments. While you’re going to run across some clients who won’t respond to anything short of a collection Read More
4 Financial Reports Every Firm Owner Should Have
When it comes to running a law firm, keeping an eye on the money is non-negotiable. Whether you're a sole proprietorship or managing a larger enterprise, having a grip on your finances is the key to success. To do that, you need financial reports that show you where you've been, where you're at, and where you might be headed. In this article, we'll talk about four financial reports that every law firm owner, Read More
3 Tips for Finding the Right Bookkeeper for Your Firm
Managing a law firm's finances is a full-time job. Bookkeepers aren't just assets; they're essential when it comes to handling client funds, complying with regulations, and managing expenses. Selecting the right bookkeeper for your law firm can make all the difference in maintaining financial health and achieving long-term success. But how do you find someone who understands the specific requirements of the legal Read More
Repairing Your Broken Bank Account in 4 Quick Steps
Kristen David, a former trial lawyer and partner who went from working 85 hours a week and barely making ends meet, built it up to a million-dollar-plus business, then sold her shares and pivoted into a business coach guru. She is now an international speaker, and bestselling author, and operates a successful coaching firm, empowering business owners to build thriving, profitable businesses that are self-managed with Read More
Understanding the Benefits of Malpractice Insurance
Malpractice insurance is a crucial component of risk management for lawyers. Whether you’ve been practicing for years or are fresh out of law school, the potential for mistakes or oversights is always present. As such, it's important to have adequate protection in place to guard against the financial consequences that could result from malpractice claims. Chances are you already have malpractice insurance. Read More
