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How to Predict and Set Fees

Experience is the best tool for predicting fees. A lawyer’s experience in dealing with different problems can be found in closed files and billings, which offer a treasure trove of information on the steps needed for certain transactions, how long certain procedures might take, and what resources might be needed. To predict the future, as…

Analyzing Billings and Collections

The following is an adapted excerpt from Results-Oriented Financial Management.  This analysis shows the changes that will occur in the accounts receivable reconciliation portion of the budget. Note that the collections were budgeted at $4,799,094. As a result of the reduction in billings, assuming the 65-day time-to-collect period can be maintained, receipts will be reduced by $189,560, making the new…

ABA Cyber Week 2016

Even when Black Friday is over, the holiday savings will continue onward with ABA’s Cyber Week. From November 28 to December 2, explore a myriad of deals covering ABA’s print and digital publications and products. Save 15% to 50% off books, e-books, CLE products, and more. The good news doesn’t stop there! ABA is also…