How Do You Address the Burdens of Running a Law Firm?
Putting bills together, invoicing, and tracking down payments can all take a serious toll on an attorney – costing them significant time, money, and other resources. If you look at an average attorney’s receivables, it can be anywhere from 30 to 90 days before they get paid for work they’ve already done. Such an inconsistent and unpredictable cash flow makes it incredibly difficult to run, let alone grow, a successful firm. How does a busy solo address this?