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Financially Legal is a twice-monthly podcast with accompanying articles on the financial aspects of the business of law. Host, Dan Lear, talks with law firm leaders, academics, business professionals and thought leaders to provide compelling and provocative insights at the intersection of finance, economics, and law.

Dan Talks Law Firm Finances, Company Culture and More with Mark Homer of GNGF

Posted by Emery Wager on June 27, 2020

Dan Lear was recently interviewed by Mark Homer of legal marketing firm GNGF. Dan and Mark dove into many different topics including: 

  • Company culture
  • A $70,000 minimum wage
  • The Gravity Legal platform
  • Law firm finance
  • Alternative fee structures
  • Expectations of the modern consumer of legal services
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Topics: Firm Financials, Key Performance Metrics, IOLTA, Accounting, Business and Culture, Business of Law, Gravity Legal News

Simple Strategies To Cashflow Success For Your Law Firm (even during COVID)

Posted by Emery Wager on May 30, 2020

Written By Devon Thurtle Anderson, CEO of Financial Consulting Firm, Skepsis

When I first left my law practice to become a law firm bookkeeper and financial strategist, I was shocked to discover how many law firms struggle with cashflow.  Even more surprising was that this struggle isn’t just limited to a few seemingly rag-tag solo general practice firms.  To the contrary, when I had a chance to look under the hood at dozens of law firms’ books and financial records – including law firms I had always seen as hugely successful – I learned that almost every law firm has a cashflow problem within any given 12-month period.  So, as part of my bookkeeping and consulting services, I set out to change that.

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Topics: Firm Financials, Credit Card Fees, Key Performance Metrics, IOLTA, Accounting, Invoices, Business of Law

Episode 7: How do you “show up” for your clients? And what does a premium subscription have to do with that? An interview with Kim Bennett from K. Bennett Law

Posted by Dan Lear on May 27, 2020

Kim Bennett got burned by hourly billing. She lost a bunch of money and, having come up as a young lawyer in a corporate, in-house role, the model didn’t make sense to her. One day she pitched a client on a recurring monthly fee and, to her surprise, they accepted. That’s right, we’re talking subscriptions again. But where the guest from our last subscription-based law practice, Jon Tobin, uses subscriptions in more of a "one-to-many" way, helping lots of clients with a specific set of offerings, Kim has fewer what she calls “premium” subscriptions and they include more comprehensive, regular work with the clients.

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Topics: Credit Card Fees, Financially Legal Episodes, Accounting

Episode 6: An episode about accounting? Really? An interview with Chelsea Williams from Core Solutions Group, Inc.

Posted by Dan Lear on May 13, 2020

I know you didn’t go to law school to manage financials or be an accountant, but it turns out that your ability to successfully support and represent your clients is contingent upon running a sound business. And Chelsea Williams, founder and head of Core Solutions Group, is dropping some wisdom about how to manage your firm’s finances so that you can worry less about money and more about your clients. 

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Topics: Credit Card Fees, Financially Legal Episodes, Accounting

Can Law Firms Charge Clients for Credit Card Fees in Oklahoma?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is probably, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in West Virginia?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is probably not. See below for all the details. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Tennessee?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in North Dakota?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Nebraska?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is maybe, but probably not. See below for details.  

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Montana?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Missouri?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Mississippi?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is probably not. See below for all the details. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Minnesota?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Michigan?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is probably not. See below for all the details. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Maine?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is not unless it is done by raising prices by the amount of the charge and then discounting those prices for clients that pay by means other than card. Below are more details. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Louisiana?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Kentucky?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Kansas?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is not unless it is done by raising prices by the amount of the charge and then discounting those prices for clients that pay by means other than card. Below are more details. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Iowa?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is maybe, but probably not. See below for details.  

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Indiana?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is maybe, but probably not. See below for details.  

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Delaware?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Arkansas?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Alaska?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Alabama?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is probably not. See below for all the details. 

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Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Wyoming?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Wisconsin?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Vermont?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Virginia?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Utah?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is yes, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

Can Law Firms Charge Clients for Credit Card Fees in Texas?

Posted by Emery Wager on January 1, 2020

Introduction

The short answer is probably, but there are certain rules and regulations to understand. 

Read More

Topics: Firm Financials, Accounting, Surcharging, Business of Law

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