Becoming a Law Firm Trusted Advisor - Part 4

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Costs, Billing & Accounting

Most small law firms have no clue how to book soft costs or hard costs. General accounting programs do not make it easy (actually makes it harder) to manage these legal specific challenges. Additionally, soft and hard costs are two of the biggest sources of billing leakage i.e. missed billing but for different reasons. Soft cost billing is easy to miss. Hard costs are often incurred using Credit Cards and by the time Credit Card statement comes, client bills are gone.

These are all real issues and requires good grip. Great article.

Rick Kabra 356 days ago

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