Services
Account Receivable Management – Get paid for all your services
- What is your realization rate? If it is under 95%, you need to take a second look.
- Attorneys love to practice law but have little time to deal with collections. Don’t work for free.
- Let us advise or handle your collection process.
- Only about 25% of Accounts Receivable over 90 days will ever be collected unless you are actively on top of it.
- We can take this burden away from you.
Breakaway Groups - Facilitation for both leaving and entering firms
- We can help with starting up a new law firm
- What you should do with your receivables during transition
Disaster Planning & Recovery Plan – Will help develop an inexpensive plan
- Most firms do not have time to properly deal with this issue and having a plan could literally save your business.
- Only 20% of the business in the World Trade Center survived 9/11 because they had no plan.
- We can have a plan up and running in approximately one day. If desired, a second day can be used for us to explain the plan in depth to your attorneys and staff.
Eliminate Redundancies - post merger
- We can review your staff, technology and make sure you structured properly without paying several employees to all do the same thing.
Financial Management – With meaningful ratios and analysis
- Explaining financial information and analyzing facts for strategic decisions not as your independent accountant but as someone who knows the legal industry – this will bring in more money to your pocket that would normally just go away.
- Set up accounting reporting systems – with better information you will bring in more cash and keep it.
- Introducing meaningful ongoing ratios – this will show you five months in advance if you will experience a cash crunch and allow you to prevent that situation.
- Review of Accounting Procedures. Are you filing all the required IRS Forms 5500?
- Available on call to your accounting staff for guidance
General Administration – Periodic compliance and contract negotiation
- Contract review looking for areas of possible savings from $1,000 to $7000 per attorney in various areas such as benefits, insurance, telecommunications, supplies, etc.
- We invite you to take one look at your phone bill and see if you can understand it. If the answer is you can’t, you are probably paying much more than you should. This is just one example.
- Are you automatically renewing contracts without performing a market survey? If so, this could be very costly. Odds are you don’t have the time to properly handle contract renewals.
- Compliance responsibilities – allowing you to practice law knowing the mundane things such as LLP renewals, medical insurance renewals, etc, are taken care of so you can continue to bill your clients.
Human Resources – Avoid lawsuits
- We have experience in hiring and terminations and are available to perform or give advice on the subject – one law suit could substantially damage your bottom line.
- We advise on benefits and inexpensive employee perks
- We can review your Insurance Coverage and make recommendations and brokerage referrals.
- Staff training – bringing about priceless efficiencies in your staff productivity.
- Do you have a Cafeteria Plan that encompasses all your benefit plans?
- Are your employee allowed to take advantage of all government pre-tax benefits?
- We can help you with Attorney/Secretary problems
We can show you:
- how to improve your staff's (attorneys and administration) performance.....and profitability
- how to deliver tough performance messages to your staff with positive results
- how to change your management hat to address the difficult performance issues
- how to reduce the probability of law suits resulting from poor or no documentation
- how and when to praise your staff
- how to write a "performance plan "and mean it!!
- how to get more production, respect and enjoyment from your staff
- how to terminate a staffs position without fear of repercussions
- how to manage your managers
- how to conduct an evaluation (performance review) without any anxiety
We can provide:
- Management/Motivational/Situational Leadership classes to small or larger groups
- Individual training/tutoring and assistance with difficult (or any) personnel situations
- Motivating personnel....why and how?
- Situational Leadership
- Time Management
- Understanding the process of Evaluating "correctly" and Pay for Performance
- The creation of a "Performance Plan", "Improvement Pan" & "Development Plan"
Lectures
- We are available for lectures at events or in the office on any topic regarding legal administration
Business to Business
- We can provide you with helpful insights on what the industry needs
- We can go in with on sales calls to help facilitate the sale
Records Management – Review of storage with eye on a paperless Law Firm
- Implementation of new technologies – creating efficiencies and thereby dollars.
- How to implement a records retentions policy that can be easily implemented – as a general rule, you pay somewhere around twenty five cents per box for offsite storage. Review your monthly storage bill and we can probably reduce it by around 25%.
- How to avoid storing unnecessary records in an outside facility.
- Space evaluation – are you using materials that cost you more than necessary just to store them?
- Staff training – thereby producing efficiencies and creating more savings.
Restructure Staff - Utilize technology without losing efficiency
- Most staff to timekeeper ratios in the legal industry are 1:1 or higher. We can help you get that ratio closer to 0.5:1.
- This can be accomplished with technology and “safety valve resources” from the outside at a fraction of your current staffing costs.
Special Projects – Implement QUICKLY
- With all the reductions in staff and cut backs, once you get a specific project in mind, there is no one in your firm to implement it.
- Consider us your concierge service and you only pay by the project.
Strategic Planning - Facilitate Implementation and support
- Will provide templates and assistance for strategic planning
- Will advise areas of concern
- Available to assist in the implementation of the plan. So many times, plans are developed and then lawyers are too busy to actually implement as most plans just collect dust.
Time and Billing – Make sure you record and bill all your time
- Are you recording ALL your time and BILLING it on a timely basis?
- We can help you with this and/or give advice on how to keep up.
Turn Key Moving Assistance
- We can take the burden of a move within or outside your office off your hands
- We can assist you in relocations.