Financing A Law Firm

The Law Firm Finance section of FindLaw's Law Firm Management Center provides free resources related to financial issues encountered by solo and small law firm practices. Business issues such as Finance Basics, Legal Funding, Loans and Credit Cards, How to Price Legal Services, and Closing Business are vital to the long-term success of your law firm. Finance is the engine that propels business. As a small business owner, you need to understand financial issues well enough to make informed decisions that impact your law practice. Browse, read, and share FindLaw's collection of articles, tips, and lists that focus on Law Firm Finance.

Learn More About Financing A Law Firm

    • How to Price Your Legal Services

      Setting fees for legal services is obviously a major issue to consider, not only when establishing your practice, but throughout the life of your law firm. There are various ways to price your fees. Some methods require heavy calculations, while others simply require you to survey the market to help determine your fees.

      Financing Basics: Do You Have Enough Business Capital?

      Sufficient capital is essential for a successful business, as is having the understanding of how to manage it properly. To avoid missteps, there are several key considerations every business owner should reflect upon before seeking financing.  


      What Attorneys Should Know About Accepting Credit Cards

      Figuring out how best to accept credit card payments from your clients can be a daunting (and intimidating) process. From deciphering all the techno-babble about complicated fee structures and minimums to choosing an account that gives you the maximum amount of control over your money - you'll be swimming in murky water at the best of times (and you've got to watch out for sharks).

      Financial Management in a Contingent Fee Practice

      This article illustrates how borrowing funds and converting non-deductible litigation expenses into tax deductible expenses has the cumulative dual benefits of creating a larger pool of funds for law firm investment in litigation costs, growth and partner distributions, and reducing the firm's net cost of using borrowed funds.


      What Lawyers Don't Get About Finance

      There are two kinds of people in the world, says finance expert Tom E. Greene: word people and number people. Most lawyers fall into the first group, which explains why they either panic or gloss over when faced with financial concepts in litigation.

      What is a Balance Sheet?

      The balance sheet is a statement of an organization's financial condition on a given date. It is a crucial tool for you and others to understand the value of your company and the state of its financial health. Find out more about the various sections that make up a balance sheet.


Financing A Law Firm Articles
    • What is a Balance Sheet?

      The balance sheet is a statement of an organization's financial condition on a given date. It is a crucial tool for you and others to understand the value of your company and the state of its financial health. Find out more about the various sections that make up a balance sheet.

      Read More »

    • Key Points to Consider When Borrowing Money

      To get off the ground, most small businesses need financing of some kind. Lenders aren’t handing money out to just anyone. They want to be sure that they will be repaid, and they screen loan applications to limit their exposure to the risk of non-payment. What exactly are lenders analyzing and should you know before seeking a small business loan?

      Read More »

    • Understanding Credit Scoring

      How a lender decides whether or not to loan you money is very much dependent on your credit score. Many solo and small law firms are started using the owner's personal credit to obtain financing, so it is important to understand how credit scores work for both personal and business credit.

      Read More »

    • What Attorneys Should Know About Accepting Credit Cards

      Figuring out how best to accept credit card payments from your clients can be a daunting (and intimidating) process. From deciphering all the techno-babble about complicated fee structures and minimums to choosing an account that gives you the maximum amount of control over your money - you'll be swimming in murky water at the best of times (and you've got to watch out for sharks).

      Read More »

    • Litigation Funding: Is It Right for Your Case?

      Litigation funding services have been put in place to provide relief to people who are involved in pending litigation and through no fault of their own, need financial assistance, but do not qualify for traditional loan products. However, litigation funding can be, and often is, expensive. How do you know if this is right for your case?

      Read More »

FindLaw Lawyer Directory
First Name: Last Name: