Accounting and Financial Planning Tips for Law Firm Owners

Discover essential financial guidance specifically crafted for law firms to propel their success.

Accounting & Bookkeeping, Article Chelsea Williams Accounting & Bookkeeping, Article Chelsea Williams

Maximizing Law Firm Profits: Why Ditching the Billable Hour Model is Essential

I know, you keep hearing about flat fees and how it’s the thing to do. You also have your doubts about why it might not work for you, or you don’t know where to start to make this transition. Truth be told, not every practice area is a good fit for a flat fee model. However, most of them are. And with a little bit of data, you can make the switch without sacrificing profits.

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Planning & Retirement, Article Chelsea Williams Planning & Retirement, Article Chelsea Williams

The Overlooked Golden Nuggets of 2020

COVID was an unexpected jolt to everyone around the world. It’s been a year of realizations, heightened social awareness, a massive shift in the education system, and a universal pause that begs for reflection. It has shown us that change is inevitable, and complacency can hurt. Try to deny or fight those two truths, and you’re going to be left behind.

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Accounting & Bookkeeping, Article Chelsea Williams Accounting & Bookkeeping, Article Chelsea Williams

The Lies You Believe Around Money (and Why They’re Choking Your Profits)

The biggest thing that holds firms back from profits is the belief around money. If you believe it’s hard to earn 1 Million in annual revenue, your path to becoming a 1M+ firm is going to be a rough one. You’ve heard, “if you say you can, you’re right and if you say you can’t, you’re right”?

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