Most lawyers enter the profession with the belief that most of their day will be consumed in the practice of law. However, they soon discover that a significant portion of their time is occupied by drafting costs agreements, invoices, bookkeeping and chasing up clients for overdue bills.

This whitepaper will cover:

  • What is cash flow management?
  • How to get clients with 60 to 90-days overdue invoices to pay.
  • When and how your law firm should get paid.
  • How often you should bill clients and chase up overdue payments?
  • What is credit management and cash flow smoothing?
  • Is your payment data secure?
  • Creating a predictable revenue stream with instalment plans.

By adopting some simple, low-cost solutions, not only will you increase the frequency of payments, but you will give your firm a reliable and predictable revenue stream.