February 2007
Partner Profit Report
Newsletter
This newsletter is dedicated to exploring the latest trends in law firm profit management. Due to the sensitive relationships attorneys share with their clients, typical methods of fee recovery do not apply to this industry. Attorneys must balance the time spent working for a client relative to the risk of getting paid late or not at all. The articles and discussions in the Partner Profit Report strive to educate lawyers about methods and practices that increase your firm’s realization of A/R, without risking client relations.

February 2006
Increased Profits and Control Risk by Managing the Revenue Cycle
Practice Management
Due to recent economic constraints, many law firms have reevaluated their internal processes and methodology related to new client/matter intake, timekeeping, work in progress (WIP) management, billing, and collections...

Volume 2/Number 2, Copyright 2001
Managing Risk by Managing the Revenue Cycle
CNA PROfessional Counsel- Advice and Insight into the Practice of Law
Suing for fees significantly sharpens the risk that you will face a claim for professional liability. Almost always, a motivated client can develop an argument that at least some portion of your services fell below some reasonable expectation and standard of care. A lawsuit against the client can be just the motivation the client needs to pursue that argument rather than just walk away without complaining...