Cash flow is the lifeblood of your practice. Most firms design their cash flow systems for the benefit of their clients. Your cash flow system must be designed for the benefit of your practice, not your clients. You must focus on reducing the Cash Gap. This is the time between when you sign a costs agreement and when you receive the final payment for the matter.
In this month’s Grow Your Law Firm webinar, I’ll show you that making a few simple changes to your systems can have a significant impact on your cash flow.
There is at least $100,000 of cash flow improvement in most firms, from just a 10% improvement in their processes, and that’s before you grow new revenue.