Law Firms and Finance TLTurner Group Inc.

What if you stumbled on an idea that brought more growth to your firm than you expected? This might seem like something that couldn't happen to you but it did for a firm that reached out to us. The firm had been working on its marketing and internal processes and finally tweaked things enough to start seeing the new client referrals materialize and their revenue jump up faster than expected. It's true what many have said when it comes to your marketing, consistency with strategic tweaks overtime can lead to great results. 
 
In the process of making those tweaks, there were a few key factors that they wish they would have done better, especially on the finance side of their firm so we laid out a few key financial tips to help them and wanted to share them with you. These financial tips can really help you get ahead of some of the potential problems that you could run into when your strategy starts to pick up speed as it will if you stay strategically consistent.

Here are a few key topics that I discuss in this video of helpful tips:
- How to implement a dynamic budgeting process to protect your firm as you grow 
- The key ROI metrics that you want to keep an eye on
- Financial tips to avoid the pipe dream sellers 
- Warning for avoiding the number #1 profit killer that we have seen damage growing firms.

Let us know what you think about the tips in the comments and share this with other law firms. 

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Connect with Us:

LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/
Website: https://www.tlturnergroup.com/ 
Facebook: https://www.facebook.com/groups/lawandfinance
Email: contact@tlturnergroup.com

Is Your Law Firm on the Cutting Edge? Discover Key Insights from the 2023 Clio Research Project!

One of the fastest ways to take your law firm to the next level is to learn from the mistakes and successes of other firms and the the Clio Research team has made that pretty easy. In the Clio Trends reports for 2023 they have laid out the key findings about:

1) issues that are hurting law firms
2) opportunities to use technology more efficiently
3) new metrics that help law firms find new solutions

We sat down with Attorney Joshua Lenon, Clio's Lawyer in Residence, to explore some of the key findings that the team came up with after a year of researching and studying what is happening in the legal industry. Joshua also gives us some tips on things that we can look forward to for 2024 and a little more context on a new financial metric called Lockup.

The Clio research team is so excited about what they found that they are already starting the research in preparation for the 2024 Clio report that will be unveiled at the Clio Conference in 2024 in Austin, Texas.

#ClioCloudConference #LegalInnovation #LawFirmGrowth #NetworkingOpportunities #AdvanceYourPractice"

When you go to a conference there are always a few key takeaways so Kristen David and I sat down to recap the 2023 Clio conference in Nashville, TN and we got into a really good conversation about AI for law firms, workflows and common problems that we see law firms stumbling into. Enjoy the conversation and tell a friend!

Watch or listen in on the whole discussion here - 
https://link.chtbl.com/lawandfin

Join the Facebook Group: https://www.facebook.com/groups/3260594877492917

#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Join host Terrell Turner on the Law Firms and Finance Show for a crucial discussion about the evolving legal landscape. Discover how the transformation of the billable hour impacts your law firm. Stephanie Everett, CEO of Lawyerist, guides you through navigating change and succeeding in a dynamic environment.

Explore Stephanie's journey from law practice to coaching and consulting. Learn essential team leadership and adaptation strategies. Dive into overcoming challenges in transitioning from tasks to delegation. Gain insights on effective management and growth strategies. Explore Lawyerist's coaching, consulting, and training offerings.

Stay ahead in the shifting legal landscape. Tune in to this episode on the Law Firms and Finance Show for empowering insights. Adapt, thrive, and transform your firm's performance in a dynamic world. Join the discussion with Stephanie Everett now!

Watch or listen in on the whole discussion here - 
https://link.chtbl.com/lawandfin

Join the Facebook Group: https://www.facebook.com/groups/3260594877492917

#businesstalklibrary #accounting #finance #businesscontent #lawandfinance

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.

This week's topic: A Bookkeeper can help you make better hiring decisions

Subscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0

For Services: contact@tlturnergroup.com

Welcome to Law Firm Money Money - Each Monday, we'll share expert tips and strategies to help you make smart financial decisions, increase profitability, and secure the financial future of your firm.

This week's topic: When you hire a bookkeeper

Subscribe to our  #moneymonday newsletter so you know what's coming:  shorturl.at/gptu0

For Services: contact@tlturnergroup.com