LeanLaw
Blog

5 Top Reasons Why Lawyers Lose Money -- Every Day in Every Way

The LeanLaw Team · · Updated June 17, 2022

5 Top Reasons Why Lawyers Lose Money -- Every Day in Every Way
5 Top Reasons Why Lawyers Lose Money -- Every Day in Every Way

Proper Billing Management Can Add to Your Bottom Line

LeanLaw has a great new post in the American Bar Association’s website, found here. The gist of the post is that when attorneys don’t follow the best practices that we outline, they are losing money. Money they already did the work for. No one likes that.

If you find that you are spending way too much time chasing your clients or catching up on accounting, you need to read this post. There are concrete, not so difficult ways to button up your law practice so that you get to keep all the money you earn.

Read more here.

The LeanLaw Team

Published by

The LeanLaw Team

The LeanLaw Team is the legal-finance content team behind LeanLaw — the billing, trust accounting, and revenue-reporting platform built natively on QuickBooks Online. Drawing on years of work alongside law firms and the accountants who serve them, the team writes about trust accounting, IOLTA compliance, legal billing, and law-firm financial operations. LeanLaw is a QuickBooks Online Premium App Partner.

Clarity into your firm's revenue. Agency over what comes next.

Take control of your firm's financial health with one connected revenue experience — the next step is a demo with your data, not ours.

1,000+

law firms run on LeanLaw

70%

faster invoice collections

$61K

leaked revenue recovered per attorney each year

20–50×

ROI for a typical 10-attorney firm

Figures reflect aggregate results reported by LeanLaw customers — faster collections, recovered revenue, and ROI. Individual firm results vary.