Best Practice: Managing cash flow in a contingency fee law firm
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am sole owner of a law firm in Western Kentucky. My practice consists of myself, a legal assistant, a part-time bookkeeper, and a part-time contract attorney. The practice is limited to employment law - both plaintiff and defense side. Approximately 80% of my business is contingency fee and 20% is time-billed and or retainer. While the practice has done OK over the past 15 or so years, worrying about paying bills (cash flow) is a constant source of stress for me and my family. I do no marketing - all of my business comes from lawyer referrals. Do you have any suggestions?
Michael J. Tardy, Director of the Administrative Office of the Illinois Courts, announced Wednesday that the Sixteenth Judicial Circuit judges voted to select Christine A. Downs as an associate judge of the Sixteenth Judicial Circuit.
Two Central Illinois TV stations highlighted the Lawyers Feeding Illinois program in news reports last week. ISBA President John E. Thies led a group of local attorneys and bar leaders on a visit to the Central Illinois Food Bank in Springfield. The Lawyers Feeding Illinois competition begins Feb. 18 - but donate and sign your team up now at