5 Strategies to Make 2024 a Profitable Year for Your Firm

Written by Peggy Gruenke on January 23, 2024

Attorneys spend a lot of time practicing law. Your clients deserve your time, attention and experience helping them reach their goals. So, what’s the problem? While you’re focusing on offering the best service possible, it’s easy to: Push business management to the wayside Allow outstanding bills to pile up Spend excess time on client matters outside of […]

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10 Resolutions for Better Billing in 2024

Written by Peggy Gruenke on January 23, 2024

Start 2024 off with a bang by building rock-solid billing practices. Take a moment to reassess your habits from last year. You and your team are busy, and no one enjoys chasing after clients for payment of outstanding invoices. It’s time to develop and refine your collections strategy. You can make your bill collecting process […]

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Focus on Cash Flow: How Lockup is Impacting your Business

Written by Peggy Gruenke on December 19, 2023

Lockup is a critical financial metric typically used among accountants. However, there has been a push to show how much it applies to law firms. Lawyers are skilled and educated professionals, but when they run their practice, they have the dual-sided challenge of running a business. Terms such as “lockup” can be instrumental in helping […]

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Critical End-Of-Year Bookkeeping & Financial Decisions

Written by Peggy Gruenke on November 17, 2023

The end of the year is a critical juncture for small and solo law firms, marking an essential period for reflection, analysis, and planning. During this period, law firms delve deep into their finances, assessing the year’s achievements (or shortfalls) and strategizing for the challenges and opportunities of the upcoming year.   Essential End-of-Year Tasks […]

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2023 ClioCon Recap

Written by Peggy Gruenke on October 18, 2023

That’s a wrap on #ClioCon 2023! Read Clio’s official recap here and peep CPN Legal’s 2023 partner award shoutout! The CPN Legal team learned so much this year that it was hard to summarize in just one post. Seeing friendly faces that we email with throughout the year is always the best part of the event. Great […]

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Top 10 Reasons to Outsource Your Law Firm Accounting to CPN Legal

Written by Peggy Gruenke on October 3, 2023

Law firm accounting can be a complex and time-consuming task, especially for small and solo firms. That’s where CPN Legal comes in. We offer a comprehensive range of law firm accounting services, so you can focus on what you do best – practicing law. Here are the top 10 reasons to outsource your law firm […]

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How Strong Is Your Client Intake Process?

Written by Peggy Gruenke on August 18, 2023

A strong client intake process is essential for any law firm. It’s the first impression you make on a potential client, and it can help you determine whether they’re a good fit for your firm. Here are some best practices for creating a strong client intake process: Document your client intake policies and processes. This will […]

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Five Financial Ethics Traps for Law Firms 

Written by Peggy Gruenke on July 17, 2023

Adapted by Peggy Gruenke – Originally Published in Attorney at Work As an attorney, you have a responsibility to uphold the highest ethical standards in your work. This includes how you handle your clients’ money. There are numerous financial ethics traps that law firms can fall into, and it’s important to be aware of them […]

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Are You Making Money Yet?

Written by Peggy Gruenke on June 14, 2023

The Six Month Financial Checkup Here we are, midway through 2023. Soon you’ll be sitting down to do your monthly reconciliation for June. You may be prepared to ease into your usual steps and call it done. Instead, we recommend taking a little time to check the pulse of your firm’s financial health. How well […]

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If you Give a Client a Cookie…

Written by Peggy Gruenke on May 16, 2023

…They May Come Back for More In a recent conversation with one of our clients about one of their more demanding clients, I was reminded of the children’s book called “If You Give a Mouse a Cookie” by Laura Joffe Numeroff. If you aren’t familiar with the story, a mouse asks for a cookie. This […]

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