[Infographic] From Billing to the Bank: Law Firm Cash Flow Solutions

Problems with cash flow, billing, and guaranteed return are real, especially among law firms, and they’re getting worse each year.

With realization rates steadily dropping for lawyers, the average attorney is only making $86 for every $100 billed. That’s neither logical nor the norm in any other industry—solos and small firm lawyers are essentially working billable hours for free. Why?

We explore obstacles to getting paid in our latest infographic, “From Billing to the Bank.” A comprehensive breakdown of client patterns and alternative payment solutions will help you get paid on-time, in full, simplifying your cash flow qualms.

 

Categorized in: Business

Looking for resources on working remotely?

We've curated a selection of resources on how to best work from home, including articles on technology tools and implementing cloud tech, and Daily Matters, a daily podcast hosted by Clio CEO, Co-founder, and author of The Client-Centered Law Firm, Jack Newton.

Get Resources