The beginning of a new year signals a clean slate and the equally reviled yet cherished New Year’s Resolutions. It’s natural to want to put our best foot forward at the onset of 2021. Goal-setting for your law office is crucial to its continued success.
The mad dash to settle invoices by December 31 isn’t just crucial for ensuring a strong financial performance at the year-end review. It’s also vital because having outstanding invoices when you close your books in Q4 can create accounting headaches when you try to reconcile them.
An attorney’s end-of-year goal should be to not leave any money on the table.
When you graduate from law school, your primary focus is usually on passing the bar and, if successful, practicing law. No one in law school tells you that, in addition to being an attorney, you will also need to be a salesman, a bill collector, and a de facto accountant.