Great lawyers don’t always have great cash flow, and that’s okay. Poor cash flow isn’t a reflection of your legal skills; it’s usually a systems problem.
In this episode, Terrell A. Turner, CPA, breaks down how law firms can stop leaving money on the table by building smarter billing processes. Using a real-life firm example, you’ll see how the right systems keep your practice running smoothly and free up resources to grow.
What you’ll learn in this video:
- Why cash flow struggles happen even in respected firms
- Practical steps to create timely, consistent billing processes
- How automated reminders improve client collections
- Ways to handle late payments without damaging relationships
- Why leadership decisions matter for unpaid invoices
- Tools and systems to make billing easier and faster
👉 Download your free Law Firm Revenue Calculator here: www.tlturnergroup.com/freerevenuecalculator
👉 Book a strategy call with our team: https://calendly.com/tlturnergroup/bookkeeping
👉 Subscribe for weekly law firm finance tips: https://www.youtube.com/@lawfirmsandfinance8002
https://lawandfinance.buzzsprout.com/
Timestamps
00:00 Introduction to Common Law Firm Issues
00:51 The Importance of Cash Flow Systems
02:29 Steps to Ensure Timely Billing
04:24 Automated Reminders and Follow-ups
05:46 Handling Late Payments
07:30 Leadership Decisions on Unpaid Invoices
08:49 Setting Up Effective Payment Systems
10:34 Conclusion and Future Topics
🌐 Connect with Law Firms and Finance powered by TLTurner Group :
Website:https://www.tlturnergroup.com/
LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/
Instagram: https://www.instagram.com/lawfirmfinance/
#LawFirmFinance #CashFlow #TLTurnerGroup