A Mind-Blowing Secret About Law Firm Cash Management - by Chris Rempel

A Mind-Blowing Secret About Law Firm Cash Management - by Chris Rempel: "All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.

Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.

It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this 'multi-tasking' will not only waste time, but also cause the firm to actually lose profits for the following reasons:
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