Solo and Small Firm
The Practitioner Spring 2015, Volume 21, Issue 1
Content
- Answers to Frequently Asked Questions about Taming the Ms Word® Tiger?
- Are Your Clients Complying With Fatca?
- California Mandates Paid Sick Leave For All Employees
- Father's Custodial Rights
- Letter From the Chair
- Letter From the Editor
- Minimizing Risk As You Hang Your Shingle
- Table of Contents
- New Year's Resolutions to Improve Law Firm Cash Flow
New Year’s Resolutions to Improve Law Firm Cash Flow
By Patrick Maloney
Patrick M. Maloney founded the Maloney Firm, APC in 2012. Prior to that, he was a partner in a downtown Los Angeles litigation boutique for over a decade. Mr. Maloney regularly represents attorneys and clients in legal malpractice actions and legal fee disputes. As a result of his work in this area, Mr. Maloney has developed a deep appreciation for the issues that cause clients to become dissatisfied with their counsel. Mr. Maloney may be reached at pmaloney@maloneyfirm.com or 310-540-1505.
The fresh start of the New Year provides a perfect opportunity to review a law firm’s practices and implement new policies and procedures to enhance cash flow and profitability. Oftentimes, simply improving the level and quality of communications with clients can have a dramatic impact on a law firm’s cash flow. In many instances, positive results can be achieved by fine tuning the firm’s intake procedures, retainer agreements, client management, and billing practices.