Check out Brooke’s interview on A Different Practice. https://podcasts.apple.com/us/podcast/22-the-secrets-of-financial-success-with-brooke-lively/id1654806425?i=1000629175021 Hosts Lauren and Jessica talk with Brooke about the essential financial insights that every law firm owner needs, including: 1 The key numbers every law firm owner should know 2 The ideal composition of your financial team, including the one indispensable role that no law firm […]
We have another great listen for you! Brooke was a guest on Kevin Harrington’s (from Shark Tank) Sharkprenuer Podcast with his awesome co-host Seth Greene (Podcast Direct Response Marketing Expert)! It was a jam-packed interview, and Seth did a great job in picking Brooke’s brain about her book, From Panic to Profit. Here are a […]
Check out Brooke’s enlightening interview on the “You Are Buzzworthy” podcast with Michael Buzinski. Brooke dives deep into her journey, which began with a mission to assist law firms and evolved into discovering the critical role of cash flow in business. In this episode, you’ll gain valuable insights into: ✨ The importance of understanding and […]
Join Brooke in this insightful podcast episode as she dives into the world of financial management and data reporting specifically tailored for law firms. Discover how leveraging financial data, combined with factors like average case value and employee productivity, can empower law firms to fine-tune their strategies and unlock untapped profit potential. Gain valuable insights and practical tips to optimize your firm’s financial performance.
We talk a lot at CathCap about the Rule of Thirds. One third of revenue goes to the People doing the work, one third goes to Overhead, and one third goes to Profit. But people often ask, “What exactly is in overhead?” There are the easy ones: rent, phones, copier rental, Westlaw/Lexis, marketing. All the […]
Growing law firms need cash, but cash can get tight. All firms should have access to reserve cash, such as a line of credit, but applying for a loan can be nerve-wracking — especially when bankers start throwing out unfamiliar terms. One of my clients (now in his second year on the Inc. 5000) needed […]
KPI’s – Do you know the Key Performance Indicators in your law firm? Want to know what you should be looking at and monitoring? How about the best accounting tool for law firms? To learn more, check out the Non-Eventcast podcast where CathCap Founder and President, Brooke Lively talks about Law Firm Financial Management. Listen […]
One of the hardest parts of managing a law firm is the delicate balance between hiring the right number of staff members and ensuring that you can afford them. At different points in your practice, you’ll be tasked with tough questions. The solution to many of these problems is simple: hire the employees you need and create a compensation plan that is profitable for both you and the employee. Of course, that is easier said than done. So how do you figure out what you can pay a billable person? Read on to learn more.
You’re a good business owner. You know that it’s important to continue to invest in your business with a portion of your profits and you’ve worked to pay down your debt. The logic: “I pay down my debt and have no money left, not only do I have a lot less debt, but I also owe no taxes.” Not always so! Read on to learn more and see how your biz can prepare for tax season.