Business
owners,
law
firm
partners
included,
are
always
chasing
money,
it
seems.
For
many,
it
probably
feels
like
the
natural
course
of
business
—
but
it
doesn’t
have
to
be
that
way.
With
the
right
strategies,
law
firm
owners
can
practically
eliminate
accounts
receivable
and
steady
their
cashflow.
How?
Well,
you’re
in
the
right
place
to
find
out!
Joyce
Brafford
of
ProfitSolv
is
back
again
on
the
Non-Eventcast
—
as
co-host
of
this
set
of
special
episodes
—
to
talk
about
how
new-fangled
law
firm
financial
strategies
(and
some
old
ones,
too)
can
get
your
balance
sheet
back
on
track!
For
this
episode,
we’re
also
joined
by
Brooke
Lively of
Cathedral
Capital.
She
is
an
expert
in
law
firm
financial
strategy,
and
she
has
helped
a
number
of
law
firms
as
an
outsourced
chief
financial
officer,
with
a
knack
for
ramping
up
receivables.
So
she
knows
a
thing
or
three
about
this
topic.
This
is
the
latest
episode
in
special
podcast
series
hosted
in
conjunction
with
our
partner,
ProfitSolv.
This
episode
is
sponsored
by
RocketMatter.
In
this
episode,
we
have
two
new
cryptids
for
our
return
to
“Cryptid
Corner.”
But
Brooke
decided
to
zag
and
named
an
actual
creature:
the
stickleback
—
in
order
to
lay
down
a
unique
theory
of
work.
(Sort
of
impressive,
actually.)
After
that,
Brooke
shares
a
five-point
plan
for
eliminating
accounts
receivable,
including
the
use
of
evergreen
retainers.
Next,
we
address
the
importance
of
law
firm
financial
reporting,
including
which
KPIs
to
focus
on.
Lastly,
Brooke
and
Joyce
discuss
how
modern
software
supports
law
firm
financial
management,
including
the
value
of
new
school,
customizable
workflows.
If
you’re
feeling
like
your
law
firm
financial
management
strategies
aren’t
cutting
it
—
listen
to
this
special
edition
of
the
Non-Eventcast
podcast,
because
maybe
it’s
time
to
change
the
recipe.
Jared
Correia,
a
consultant
and
legal
technology
expert,
is
the
host
of
the
Non-Eventcast,
the
featured
podcast
of
the
Above
the
Law
Non-Event
for
Tech-Perplexed
Lawyers.