Great resources for lowering your firm’s overhead!
Lowering your firm’s overhead expenses is never a bad idea, it will only help you to run a more profitable practice. Follow these tips and get great tips and resources on how to lower your firm’s expenses.
1. How Can Shared Law Office Space Benefit a Solo or Small Firm?
If you’re thinking about starting a solo law practice, looking to cut your firm’s expenses or are already practicing and in the market for different office space, here are the top 3 reasons why you should consider shared law office space.
2. Improving Law Firm Profitability: Top Ten Cost-Cutting Strategies
It is not uncommon for small or solo law firms to get caught in a cash flow trap as well as overall profitability problems. There have been many law firms and small businesses that were profitable, but failed due to simply running out of cash. Follow this article to get 10 tips on how to improve your firm’s profitability.
3. Cut your Firm’s Expenses with Conference Room Rentals
There’s a growing trend among forward-thinking attorneys to rely on temporary workspaces for client meetings, depositions, closings and war rooms in lieu of carrying the extra overhead associated with long-term rental commitments. Follow this article to learn more!
4. 52 Ways to Reduce Overhead in Your Law Office
It shocks many new lawyers when they find out how much money is wasted on overhead. Examples include leased copy machines (for small firms, that’s a waste), complicated IT setups, and not to mention all of the paper. This article shares 52 ideas, some good, some redundant, some “penny wise and pound foolish,” for cutting dead (and expensive) weight.
5. 5 Ways Legal Firms Can Cut Costs
Whether you’re the managing partner of your law firm, a sole practitioner, or a legal office manager, you want to control your costs to maximize the firm’s profitability. Here are just five ways that your legal firm can cut its costs and boost its bottom line.
6. 7 Ways to Instantly Cut Down on Business Expenses
Looking to boost your firm’s bottom line? There are two ways to do that: increase income or reduce expenses. In the event that you’re not in a position to increase your rates, crack down on unnecessary spending to put more money back into your practice. Here are some suggestions to get you started.
7. Cutting Costs As A Law Firm Means Embracing Technology
According to Law Crossing, the average law firm spends between 45% and 50% of its client fee on office expenses. Naturally, there will always be operating costs of some sort. However, with computers now able to handle many of today’s more time-intensive tasks, it’s possible to reduce the amount spent on things such as admin. Follow this article to learn more!