Silver Peaks CPA

Blog

Practical and insightful articles related to law firm financial management. Learn to produce sustainable financial freedom from law firm-specific financial insights and strategies.

Law Firm KPI Framework: Tracking your profitability

If you’ve been around me for very long, you know how much I love profit! If you’re not making a profit, you’re not running a viable law firm and you won’t last very long.  In the simplest terms...

Law Firm KPI Framework: Evaluating Firm Culture

As firm owners, we can sometimes cringe at the mention of company culture. Ask us to track productivity, and we jump right on board. Customer satisfaction is a no-brainer. But mention the culture and...

Law Firm KPI Framework: Measuring Client Experience

When it comes to tracking metrics for your firm, you may be used to cold, objective numbers with dollar signs in front of them. But right here in the middle of our KPI framework, there’s a category...

Law Firm KPI Framework: Tracking Client Development

If there’s one missing link that keeps most law firms from accomplishing their goals, it’s tracking KPIs (Key Performance Indicators). That’s why Silver Peaks Accounting uses a framework of KPIs with...

3 things you MUST review when you get your law firm’s financial statements

Ok, so you’re working with an accountant and you’ve just gotten your monthly financial statements. What do you do?  Do you scour them for hours looking for hidden information?  Do you just...

Get 90 Days Closer to Your Goals in Business and in Life

In life and in business, it’s so important to have goals. You always want to be moving forward and growing, and the only way to make that happen is to set clear, achievable goals so you know where...

Can Your Law Firm’s Billing Process Help You Make More Money?

The numbers are in.  Study after study has shown that one problem keeps topping the charts and plaguing law firms: collections. Now, when I say “collections,” I’m not talking about shakedown...

“What the heck is the difference between a budget and a forecast?”

If you’ve heard people throwing these terms around, you may be wondering what the difference is and if you need one or both.  One of these things is not like the other A budget and a forecast are...

Could this one number equal a huge increase in profitable revenue for you? (these are the numbers most people don’t think about)

If you know me, you know how much I love to talk about financials. I am a CPA, after all, and it’s my job to love those numbers. But there’s another number in the Clio Legal Trends Survey that could...